If the price of gasoline increases by 25%, by how much must a user cut down his consumption so that her expenditure on gasoline remains constant?
A. 25% B. 16.67% C. 20% D. 33.33% E. 40%
Submitted Answers
Student: 2/24/2010 8:54:50 AM
c
Student: 2/24/2010 4:03:19 PM
its C - 20%
Student: 2/24/2010 9:00:34 PM
A
Student: 2/25/2010 2:36:00 AM
C
Student: 4/24/2011 7:18:32 PM
Consider gas is of $1.00 / gallon and 10 gallons of gas is consumed. Person spends $10.00 on gas.
Price increases by 25%.. which will be $1.25 per gallon. For price to remain same, $10 = 1.25 (new gallons of gas) New gallons of gas = 10/1.25 = 80% Decrease = 20%
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Answer