The index number of prices at a place in the year 2008 is 225 with 2004 as the base year then there is
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Commodity Prices in 2015
(p0) Prices in 2011
(p1)
A
B
C
D
E 50
40
10
5
2 80
60
20
10
6
∑ p0 = 107 ∑ p1 = 176
p01=Σp1Σp0×100=176107=164.48
Thus, price index is 164.48.
Step-by-step explanation:
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