Due to the increase of 15% in the price of milk, a family reduces its consumption of milk, by 15%. What was The effect on the expenditure of that family on account of milk? Class:  9

# Due to the increase of 15% in the price of milk, a family reduces its consumption of milk, by 15%. What was The effect on the expenditure of that family on account of milk? Class:  9

1. A
2.50% Decrease
2. B
2.25% Decrease
3. C
3% Decrease
4. D
3.50% Decrease

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### Solution:

Expenditure = Price × Quantity
Given that Price increase by 15% and Consumption (quantity) decease by 15%
Expenditure decrease = 2.25%

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