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The price of a number of commodities are given below in the current year 1975 and base year 1970.
 
Q. 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
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The price of a number of commodities are given below in the current ye...
Log(P)=2+1/£log(p1/p0).
Log(P)=2+1/6[(log55/45)+(log70/60)+(log30/20)+(log75/80)+(log90/85)+(log130/120).
Log(P)=2+1/6(log3.680)
Log(P)=2.094
P=Antlog(2.094)
P=124.
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The price of a number of commodities are given below in the current ye...
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The price of a number of commodities are given below in the current year 1975 and base year 1970.Q.For 1975 with base 1970 by the Method of price relatives using Geometrical mean. The price index is :a)125.3b)124.3c)128.8d)None of theseCorrect answer is option 'B'. Can you explain this answer?
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The price of a number of commodities are given below in the current year 1975 and base year 1970.Q.For 1975 with base 1970 by the Method of price relatives using Geometrical mean. The price index is :a)125.3b)124.3c)128.8d)None of theseCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The price of a number of commodities are given below in the current year 1975 and base year 1970.Q.For 1975 with base 1970 by the Method of price relatives using Geometrical mean. The price index is :a)125.3b)124.3c)128.8d)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price of a number of commodities are given below in the current year 1975 and base year 1970.Q.For 1975 with base 1970 by the Method of price relatives using Geometrical mean. The price index is :a)125.3b)124.3c)128.8d)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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