Question

for the year 2015 price index was 267% with the base year 2005 the percentage increase in price index over base price 2005 is​

Answer 1

Answer:

Base year price index is always cinsidered as 100.since the price index was 267%.

It means there is a net increase of prices by 167%in 2015 as compared to 2005.

267(current year) - 100(base year) =167%

Ans: 167%