UPSC CAPF AC 2024 Paper 1 · Question 56
Question 56 of the UPSC CAPF (AC) 2024 Paper I (4 August 2024). Try it first, then open the answer and explanation.
There was a hike in petrol price by 12%. By how much percentage should a person decrease his petrol consumption such that there is no change in his expenditure on petrol?
- 8.6%
- 9.8%
- 10.7%
- 12%
पेट्रोल की कीमतों में 12% की बढ़ोत्तरी हुई। कोई व्यक्ति पेट्रोल की खपत में कितने प्रतिशत की कमी करे जिससे उसके द्वारा पेट्रोल पर किए जाने वाले व्यय में कोई परिवर्तन नहीं हो?
- 8.6%
- 9.8%
- 10.7%
- 12%
Show answer
Answer: (3) 10.7%
उत्तर: (3) 10.7%
To keep expenditure unchanged, consumption must fall by 12/(100 + 12) × 100 = 1200/112 ≈ 10.7%. Cutting by the full 12% is wrong because the cut applies to the higher price.