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  9. Q93

ibps-so 2023 · Question 93 of 323

The price of wheat has increased by 35%. Nikhil has decided to spend only 8% more than what he initially did on buying wheat. What is the percentage decrease in Nikhil's wheat consumption?

  1. A20%Correct
  2. B32%
  3. C28%
  4. D10%
  5. ENone of these

Answer: A. 20%

Explanation

Let the initial price of Nikhil be Rs. 100 per unit and Nikhil's consumption be 10 units. e e ∴ Initial amount spent = 100 × 10 = Rs. 1,000 New price of wheat = 135% of 100 = Rs. 135 and new total amount spent = 108% of 1000 = Rs. 1,080 ∴ New consumption = 1080/135 = 8 units ∴ Decrease in consumption = 10 - 8 = 2 unit ∴ % decrease = 2/10 × 100 = 20%

Source: IBPS SO Prelims Memory Based 2023 (AFO/IT/HR/Marketing) - ixamBee · memory-based

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