Question:
The price of five different commodities for year 2018 and 2019 are as follows:Commodities Price in
2018
(in ₹) Price in
2019
(in ₹) A
4
8
B
3
9
C
2
6
D
6
9
E
2
4
The price index number for the year 2019 with 2018 as the base year, using simple average of price relatives is:
The price of five different commodities for year 2018 and 2019 are as follows:
| Commodities | Price in 2018 (in ₹) | Price in 2019 (in ₹) |
A | 4 | 8 |
B | 3 | 9 |
C | 2 | 6 |
D | 6 | 9 |
E | 2 | 4 |
The price index number for the year 2019 with 2018 as the base year, using simple average of price relatives is:
Updated On: Apr 26, 2024
- 230
- 203
- 233
- 320
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The Correct Option is A
Solution and Explanation
The correct option is(A):230
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