The following are one group index numbers and the group weights for the Ahmedabad workers for the month of January 2020. Construct the cost of living index number: Item Index No. Weights Food 277 58 Rent 107 12 Clothing 322 10 Fuel & Lighting 283 7 Misc. 335 4
Answers
Explanation:
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Given : group index numbers and the group weights for the Ahmedabad
workers for the month of January 2020.
To Find : cost of living index number
Solution :
Item Index number weight Index number * Weight
Food 277 58 16066
Rent 107 12 1284
Clothing 322 10 3220
Fuel & Lighting 283 7 1981
Misc . 335 4 1340
Total 91 23891
Index number = = 23891/91
= 262.5
cost of living index number = 262.5
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