The price of diesel increases by 50 %. Find by how much percent a truck owner must reduce his consumption in order to maintain the same budget? A. 11.11 % B. 22.22 % C. 33.33 % D. 44.44 % Answer Workspace Report Discuss Answer with explanation Answer: Option C Explanation If the price of goods increases by R %, then the reduction in consumption so as not toincrease the expenditure can be calculated using the formula: R × 100 % (100 + R) = 50 × 100 % (100 + 50) = 33.33 % The truck owner must reduce its consumption in order to maintain the same budget by 33.33 % Workspace
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