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The price of wheat ,per kg , is increase...

The price of wheat ,per kg , is increased by `17.5%` and the quantity of wheat bought is decreased by `10%` .What is the percentage change in the amount spent on wheat ?

A

Increase , `5.44%`

B

Decrease , `5.75%`

C

Decrease , `5.44%`

D

Increase , `5.75%`

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the percentage change in the amount spent on wheat after the price increase and quantity decrease. ### Step 1: Define the variables Let the original price of wheat per kg be \( A \) and the original quantity of wheat bought be \( M \). ### Step 2: Calculate the new price of wheat The price of wheat is increased by \( 17.5\% \). Therefore, the new price \( P \) can be calculated as: \[ P = A + (17.5\% \text{ of } A) = A + 0.175A = 1.175A \] ### Step 3: Calculate the new quantity of wheat The quantity of wheat bought is decreased by \( 10\% \). Therefore, the new quantity \( Q \) can be calculated as: \[ Q = M - (10\% \text{ of } M) = M - 0.1M = 0.9M \] ### Step 4: Calculate the original amount spent on wheat The original amount spent \( S_{\text{original}} \) can be calculated as: \[ S_{\text{original}} = \text{Original Price} \times \text{Original Quantity} = A \times M = AM \] ### Step 5: Calculate the new amount spent on wheat The new amount spent \( S_{\text{new}} \) can be calculated as: \[ S_{\text{new}} = \text{New Price} \times \text{New Quantity} = (1.175A) \times (0.9M) = 1.0575AM \] ### Step 6: Calculate the change in amount spent The change in the amount spent can be calculated as: \[ \text{Change} = S_{\text{new}} - S_{\text{original}} = 1.0575AM - AM = (1.0575 - 1)AM = 0.0575AM \] ### Step 7: Calculate the percentage change in amount spent The percentage change can be calculated as: \[ \text{Percentage Change} = \left( \frac{\text{Change}}{S_{\text{original}}} \right) \times 100 = \left( \frac{0.0575AM}{AM} \right) \times 100 = 5.75\% \] ### Final Answer The percentage change in the amount spent on wheat is \( 5.75\% \). ---
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