In the new budget the price of wheat rose by 8%. By how much percent must a person reduce his consumption so that his expenditure on it does not increase?  Choose the most appropriate option:	A) 7.5%	B) 7.41%	C) 10.9%	D) 12.6%	E) 15%
Reduce in consumption = R/(100+R) *100% = 8/108 *100 = 7.41%   Answer is 7.41%
<result>B</result>
In the new budget the price of wheat rose by 8%. By how much percent must a person reduce his consumption so that his expenditure on it does not increase?