The price of oil is increased by 20%. However, its consumption decreased by 8\frac{1}{3}\%. What is the percentage increase or decrease in the expenditure on it?

Correct Answer is : Increase by 10%

SSC CGL Tier II Quant 13 Sep 2019 Paper

Question : 10 of 100

Marks: +1, -0

The price of oil is increased by 20%. However, its consumption decreased by

8\;{1}/{3}\%

. What is the percentage increase or decrease in the expenditure on it?

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