The prices of commodity in the year 1975 and 1980 were 25 and 30 respectively taking 1980 as base year the price realtive is :
a) 109.78
b) 110.25
c) 113.25
d) none of these
kindly solve..
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Index numbers
Replies (3)
Index Number = Pn/Po X 100
= 75/80 X 100
= 83.33
Therefore, The answer is (d) None of the above
as 1980 base year therefore price relative = E(PR)/N * 100 = EP1/EP0/N*100=25/30/2*100=41.67
ANS IS D).NONE OF THESE.
answer given in module is a) 109.78
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