Question

if the average disposable income of the family of a class is 25000 in the year 2014 and if the cost of living index number of that class for the year 2016 with the base year 2014 is 120. estimate the average disposable income of the family of that class in the year 2016​

Answer 1

Answer:

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Question

Calculate cost of living index from the following table of prices and weights.

CommodityWeightPrice indexFood35108.5Rent9102.6Clothes1097Fuel7100.9MIscellaneous39103.7

A

104.4

B

106.5

C

126.5

D

128.5

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Solution

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Correct option is A)

 CommodityWeight

w Priceindex

I I.w  Food35 108.5 3797.5 Rent 9 102.6 923.4 Clothes 10 97 970 Fuel 7 100.9 706.3 Miscellaneous 39 103.7 4044.3 Total ∑w=100  ∑I.w=10441.5 ⇒   Cost of living index = ∑w∑I.w=10010441.5=104.4

Answer 2

Answer:

answer it ₹30000

Step-by-step explanation:

this is the right answer