If price of milk is 15% more than that of water,then price of water is how much per cent less than that of milk?5%7.50%13.05%10.50%
Question
If price of milk is 15% more than that of water, then price of water is how much per cent less than that of milk?
- 5%
- 7.50%
- 13.05%
- 10.50%
Solution
Let's assume the price of water is $100.
According to the question, the price of milk is 15% more than the price of water. So, the price of milk would be 100 = $115.
Now, we need to find out how much less the price of water is than the price of milk.
The difference in price is 100 = $15.
To find out this as a percentage of the price of milk, we divide the difference by the price of milk and multiply by 100.
So, (115) * 100 = 13.05%.
Therefore, the price of water is 13.05% less than the price of milk.
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