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Question

The price of wheat falls by 16% By what percentage a person can increase the consumption of wheat so that his overall budget does not change?

A
16%
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B
18%
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C
18.5%
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D
19%
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Solution

The correct option is C 19%
Increase consumption=[R100R×100]%
1610016×100
1684×100
40021%
19.04=19%

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