1 General Mental and Psychological Abilities · 1.3.1 Percentages and commercial arithmetic

1.3.1.7 Price, consumption and expenditure; income and savings

Expenditure = price × consumption and savings = income − expenditure; write each as a product or difference of multipliers and the question solves itself.

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • price rise
  • consumption
  • expenditure
  • product constancy
  • price fall extra quantity
  • income
  • expenditure
  • savings
  • budget

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Common trapsFoundation
  5. Quick revisionFoundation

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