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If you know the prices of all commodities in a place have been decreased by 85% over the period then the index number of the prices for the place is now?
Verified Answer
If you know the prices of all commodities in a place have been decreas...
Method to Solve :

If the base year prices are Rs. 100.
Then they decrease by 85% i.e Rs. 85
So new prices will be Rs 100-Rs 85=Rs 15

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If you know the prices of all commodities in a place have been decreased by 85% over the period then the index number of the prices for the place is now?
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If you know the prices of all commodities in a place have been decreased by 85% over the period then the index number of the prices for the place is now? 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 If you know the prices of all commodities in a place have been decreased by 85% over the period then the index number of the prices for the place is now? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If you know the prices of all commodities in a place have been decreased by 85% over the period then the index number of the prices for the place is now?.
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