- A12
- B15
- C10
- D20
Step-by-Step Solution
Spending = price × quantity, so the quantity factor is 1.10/1.25 = 0.88 — a fall of 12%. (Subtracting 25 − 10 = 15 treats the two percentages as if they shared a base; 20% is the cut he would need if his spending stayed unchanged.)
Answer: A) 12