GMAT Percentage Problem Solving Practice Question
Concept: Percentage change in quantity when the price of the article increases by a certain percentage. This question is a GMAT 650 level word problem in percentage increase percentage decrease. .
These are standard concepts tested in the GMAT Maths section in the percentage and fractions chapter.
Question
If the price of coffee increases by 25%, then by what percentage should a family cut down on its consumption of coffee so that it continues to spend the same amount of money on coffee?
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