SOLUTION: The price of liquor per bottle is $16. After the price of liquor went up by 20%, a man reduced his liquor consumption by 10%. What is the percentage change in his liquor bill?

Question 847259: The price of liquor per bottle is $16. After the price of liquor went up by 20%, a man reduced his liquor consumption by 10%. What is the percentage change in his liquor bill?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
The price of liquor per bottle is $16. After the price of liquor went up by 20%, a man reduced his liquor consumption by 10%. What is the percentage change in his liquor bill?
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20% increase --> 1.2 times
10% decrease --> 1.2*0.9 = 1.08
--> 8% increase

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