Civil Services UPSC EPFO (APFC) Mock Test 2023 Quantitative Aptitude Percentage

When the price of sugar gets raised by 50%, a person increases his expenditure on sugar only by 25%. By what percentage (correct up to two decimal places) should he reduce his consumption of sugar?

1
12.75%
2
15.75%
3
16.67%
4
11.54%
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