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Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)
 
Q. Then weighted average of price Relative Index is : 
  • a)
    125.43
  • b)
    123.3
  • c)
    124.53
  • d)
    124.52
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Given below are the date on prices of some consumer goods and the weig...
Current year/base year *weight
same applied for all then /20(sum of weights)
so ans is (B)123.3 rounding of total
Free Test
Community Answer
Given below are the date on prices of some consumer goods and the weig...
0.75/0.50*100*2(weight)
do the same for all
add up the price relatives 
divide by 20(sum of weights)
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Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)Q.Then weighted average of price Relative Index is :a)125.43b)123.3c)124.53d)124.52Correct answer is option 'B'. Can you explain this answer?
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Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)Q.Then weighted average of price Relative Index is :a)125.43b)123.3c)124.53d)124.52Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)Q.Then weighted average of price Relative Index is :a)125.43b)123.3c)124.53d)124.52Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)Q.Then weighted average of price Relative Index is :a)125.43b)123.3c)124.53d)124.52Correct answer is option 'B'. Can you explain this answer?.
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