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If the price of some commodity is reduce...

If the price of some commodity is reduced from `Rs. 16` to ` Rs. 12.25` then on purchasing four such commodities, how much percentage can one save ?

A

`15`

B

`49`

C

`23 7/16`

D

`(4900)/64`

Text Solution

AI Generated Solution

The correct Answer is:
To find the percentage savings when the price of a commodity is reduced from Rs. 16 to Rs. 12.25, we can follow these steps: ### Step 1: Calculate the initial total cost for 4 commodities at the original price. - The original price of one commodity = Rs. 16 - Therefore, the cost for 4 commodities = 4 × 16 = Rs. 64 ### Step 2: Calculate the total cost for 4 commodities at the reduced price. - The reduced price of one commodity = Rs. 12.25 - Therefore, the cost for 4 commodities = 4 × 12.25 = Rs. 49 ### Step 3: Calculate the savings. - Savings = Initial cost - Reduced cost - Savings = Rs. 64 - Rs. 49 = Rs. 15 ### Step 4: Calculate the percentage savings. - Percentage savings = (Savings / Initial cost) × 100 - Percentage savings = (15 / 64) × 100 ### Step 5: Simplify the calculation. - Percentage savings = (15 × 100) / 64 - Percentage savings = 1500 / 64 - Percentage savings = 23.4375% ### Step 6: Round off the percentage savings. - Percentage savings ≈ 23.44% Thus, the percentage savings when purchasing 4 commodities after the price reduction is approximately **23.44%**. ---
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