QuestionIf ghee's price rises by $30\%$, what percent must a housewife reduce her consumption to maintain her spending?

Studdy Solution
Calculate the reduction in consumption.
$$Reduction\, in\, consumption = \left( - \frac{}{.3}\right) \times100\% \approx23 \frac{}{13} \%$$So, the housewife must reduce her consumption of ghee by approximately $23 \frac{}{13} \%$ to keep her expenditure constant. Therefore, the correct answer is (b) $23 \frac{}{13} \%$.