Solution:Let the price of sugar was Rs. x per kg
After increase in price, new price per kg
= x + x × 20/100 = 6x/5
For Rs. 6x/5 we get 1 kg of sugar
For Rs. 1 we get 5/6x kg of sugar
For Rs. x we get 5/6 kg of sugar
Decrease in consumption of sugar
= 1 − 5/6 = 1/6
So, the required ratio = 1/6 : 1 = 1/6