In the new budget the price of rise rose by 5%. By how much percent must a person reduce his consumption so that his expenditure on it does not increase? Select the correct option:
A) 7.5%  B) 9.1%  C) 4.76%  D) 12.6%  E) 15%
Reduce in consumption = R/(100+R) *100% = 5/105 *100 =4.76%   Answer is 4.76%
<result>C</result>
In the new budget the price of rise rose by 5%. By how much percent must a person reduce his consumption so that his expenditure on it does not increase?