The price of sugar is increased by 2%. By how much percent should a home maker reduce her consumption of sugar to have no extra expenditure? Select the correct option:  A) (700/107) %  B) (107/100) %  C) (100/107)%  D) (7/100)%  E) (200/102)%
Old price = $100 (assume);   Old consumption = 1 kg (assume).   New price = $102.   We want the spendings to remain at $100.   (New consumption)*102 = 100 --&gt; (New consumption) = 100/102 kg.   Percent decrease = Change/Original *100 = (1 - 100/102)/1*100 = 200/102%.   Answer: (200/102)%.
<result>E</result>
The price of sugar is increased by 2%. By how much percent should a home maker reduce her consumption of sugar to have no extra expenditure?