Every year Aman consumes 250 kg wheat and 90 kg rice. The price of wheat is 20% of the price of rice and he spends a total of Rs. 3500 on wheat and rice per year. If the price of rice is increased by 20% then what is the percentage reduction of wheat consumption for the same expenditure of Rs. 3500? (Given that the price of wheat and consumption of rice is constant)
36%
As wheat is 20% of rice, instead of consuming 250kg of wheat, Aman can consume 50kg of rice. Hence, (50+90)X=3500
X=25
Now, x (25) +90(30) = 3500. ⇒ x =32.
Therefore, change in consumption = 50-32 = 18kg.
Thus, percentage of reduction will be 1850 or 36%.