Question

The price of a number of commodities are given below in the current year 1975 and base
year 1970.


Commodities A B C D E F

Base Price 45 60 20 50 85 120

Current Price 55 70 30 75 90 130


For 1975 with base 1970 by the Method of price relatives using Geometrical mean, the

price index is :


(a) 125.3 (b) 124.3 (c) 128.8 (d) None of these.

(b) 124.3 is Correct Answer

Please Give Solution

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Answer 1

Answer:

answer is the (a) 124.3