Solution for yesterday’s problem
Let the cost price be $100
Selling price at 33% gain is $133
Marked price after allowing 5% discount = (100/95)*133 = $140
Therefore, 40% above the cost price is the marked price.
x-5-(5x/100) = 33
x = 40
A family wanted to reduce the expenditure on milk by 19%. But the price of milk increased by 8%. In order to achieve the desired result, by what percentage the family would reduce the consumption?