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SSC Sample Paper Mock Test-6 SSC CGL Tear-II Paper-1

  • question_answer
    If the price of a commodity is increased by 50% what fraction must its consumption reduced so as to keep the same expenditure on its consumption?

    A)  \[\frac{1}{4}\] 

    B)                     \[\frac{1}{3}\]

    C)  \[\frac{1}{2}\]                         

    D)  \[\frac{2}{3}\]

    Correct Answer: B

    Solution :

    Required fractional decrease \[=\frac{R}{100+R}=\frac{50}{100+50}=\frac{1}{3}\]


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