The index number of prices at a place in 2008 is 355 with 2003 as base. This means -

CA Foundation · Quantitative Aptitude · MTP · June 2024
The index number of prices at a place in 2008 is 355 with 2003 as base. This means -
(A) A. There has been on the average a 255% increase in prices.
(B) B. There has been on the average a 355% increase in price.
(C) C. There has been on the average a 250% increase in price.
(D) D. None of these.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. There has been on the average a 255% increase in prices.

Topics: Part-C: Statistics

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