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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%
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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+15100 + 15% of 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 115115 - 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, (15/15 / 115) * 100 = 13.05%.

Therefore, the price of water is 13.05% less than the price of milk.

This problem has been solved

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