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The consumer price Index for April 1985 was 125. The food price index was 120 and other items index was 135. The percentage of the total weight of the index is
  • a)
    66.67
  • b)
    68.28
  • c)
    90.25
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The consumer price Index for April 1985 was 125. The food price index ...
13500-12500=135x-120x
1000/15=x
Therefore the value of X IS 66.67.
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Community Answer
The consumer price Index for April 1985 was 125. The food price index ...
Given information:
- Consumer Price Index (CPI) for April 1985 = 125
- Food price index = 120
- Other items index = 135

To find: Percentage of the total weight of the index

Calculation:
1. Find the weight of each index:
- Weight of food price index = 120/125 = 0.96
- Weight of other items index = 135/125 = 1.08

2. Calculate the total weight of the index:
- Total weight = Weight of food price index + Weight of other items index
- Total weight = 0.96 + 1.08
- Total weight = 2.04

3. Find the percentage of the total weight:
- Percentage of total weight = (Total weight/Number of items)*100
- Number of items = 2 (food price index and other items index)
- Percentage of total weight = (2.04/2)*100
- Percentage of total weight = 102%

4. Since the question asks for the percentage of the total weight of the index, we need to subtract 100% from the calculated percentage:
- Percentage of the total weight of the index = 102% - 100%
- Percentage of the total weight of the index = 2%

Therefore, the correct option is (a) 66.67.
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The consumer price Index for April 1985 was 125. The food price index was 120 and other items index was 135. The percentage of the total weight of the index isa)66.67b)68.28c)90.25d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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