Multiple choice

The price of apples increased by 20%. Ram was not aware of it. What is the shortfall in percentage of apples that he now takes home?

  1. 16.6%

  2. 15%

  3. 20%

  4. 25%

  5. 12.50%
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A Correct answer
Explanation

Let original price be 100 and quantity be 100. Total cost = 10000. New price = 120. New quantity = 10000/120 = 83.33. Shortfall = 100 - 83.33 = 16.67%.

AI explanation

Assuming Ram spends his usual amount of money, the quantity of apples he can buy is inversely proportional to the price. The ratio of the new quantity to the old quantity is 100/120, which simplifies to 5/6. The shortfall in apples is 1/6 of the original quantity, which equals 16.6 percent.

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