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Percentage
The price of cooking oil has increased by 25%. What percentage reduction in the use of cooking oil should a farmer make so that the expenditure on cooking oil does not increase?
Explanation and memory cue
If the price increases by 25%, the new price is 125% of the original. To keep expenditure the same, the quantity used must be reduced so that (new quantity) × (new price) = (original quantity) × (original price). This means new quantity = original quantity × (100/125) = 0.8 of original quantity, a 20% reduction.