25. From the following table by the method of relatives using Arithmetic mean the price Index
number is
Commodity
Wheat Milk
Fish
sugar
Base Price
5
8
25
6
Current Price
7
10
32
12
(a) 140.35
(b) 148.95
(c) 140.75
(d) None of these
Answers
Given : Table showing Base Price and current Price of few commodities.
To Find : price Index number using method of relatives using Arithmetic mean
(a) 140.35
(b) 148.95
(c) 140.75
(d) None of these
Solution:
Commodity Base Price current Price Relative Price
Wheat 5 7 (7/5) * 100 = 140
Milk 8 10 (10/8) * 100 = 125
Fish 25 32 (32/25) * 100 = 128
sugar 6 12 (12/6) * 100 = 200
Total 593
price Index number by the method of relatives using Arithmetic mean
= 593/4
= 148.25
None of these
Learn More:
Net monthly salary of an employeewas 3,000. The consumer ...
https://brainly.in/question/13069918
In 1976 the average price of a commodity was 20% more than that in ...
https://brainly.in/question/12349952
Step-by-step explanation:
i hope it will help you!!
