Question

the price index of a commodity is 140 . then the percentage increase in the price of the commodity in current year compared to base year is a.3% b.40% c.20% d.10%
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Answer 1

Answer:

10%

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Answer 2

Answer:

40%

Step-by-step explanation:

if we take 100 as the base of the price index then there is a 40% increase in the current year of the commodity in terms of the base year.

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