CA Foundation Exam > CA Foundation Questions > The prices of a commodity in the years 1975 a...
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The prices of a commodity in the years 1975 and 1980 were 25 and 30 respectively, taking 1975 as base year the price relative is :
- a)120
- b)135
- c)122
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
The prices of a commodity in the years 1975 and 1980 were 25 and 30 re...
Price Relative Calculation:
Price relative is a measure used to compare the price of a commodity in two different years with the help of a base year. It is calculated as follows:
Price relative = (Price in the given year / Price in the base year) x 100
Given:
Price of commodity in 1975 = 25
Price of commodity in 1980 = 30
Base year = 1975
Calculation:
Price relative = (Price in 1980 / Price in 1975) x 100
= (30 / 25) x 100
= 1.2 x 100
= 120
Therefore, the price relative is 120.
Conclusion:
The correct answer is option A (120). The price relative of the commodity in 1980, taking 1975 as a base year, is 120.
Price relative is a measure used to compare the price of a commodity in two different years with the help of a base year. It is calculated as follows:
Price relative = (Price in the given year / Price in the base year) x 100
Given:
Price of commodity in 1975 = 25
Price of commodity in 1980 = 30
Base year = 1975
Calculation:
Price relative = (Price in 1980 / Price in 1975) x 100
= (30 / 25) x 100
= 1.2 x 100
= 120
Therefore, the price relative is 120.
Conclusion:
The correct answer is option A (120). The price relative of the commodity in 1980, taking 1975 as a base year, is 120.
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Community Answer
The prices of a commodity in the years 1975 and 1980 were 25 and 30 re...
According to the formula of price relative Pn/Po*100 the ansr is 120
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The prices of a commodity in the years 1975 and 1980 were 25 and 30 respectively, taking 1975 as base year the price relative is :a)120b)135c)122d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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