MCQ Practice

In a manufacturing unit, it was noted that the price of raw material has increased by 25% and the labor cost has gone up from 30% of the cost of raw material to 38% of the cost of the raw material. What percentage of the consumption of raw material be reduced to keep the cost the same as that before the increase?

Subject: MathematicsTopic: Percentage
A

20.7%

B

30.2%

C

24.6%

D

25.5%

Correct Answer: C