Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985…
CA Foundation · Quantitative Aptitude · MTP · June 2024
Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100) : Items Unit 1984 1985 Weight Wheat Kg. 0.50 0.75 2 Milk Litre 0.60 0.75 5 Egg Dozen 2.00 2.40 4 Sugar Kg. 1.80 2.10 8 Shoes Pair 8.00 10.00 1 The weighted average of price Relative Index is:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 123.3
Topics: Part-C: Statistics
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