CA Foundation Exam > CA Foundation Questions > The average price of certain commodities in 1...
Start Learning for Free
The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,?
Most Upvoted Answer
The average price of certain commodities in 1980 was 60 and average pr...
Analysis of the given statement:
The given statement states that the average price of certain commodities in 1980 was 60 and the average price of the same commodities in 1982 was 120. It further claims that the increase in 1982 compared to 1980 was 100%. However, it also asks to calculate the decrease in 1980 with 1982 as the base.
Calculation of increase and decrease:
To analyze the given statement and calculate the increase and decrease accurately, let's break down the calculations step by step.
Step 1: Calculate the percentage increase from 1980 to 1982:
To calculate the percentage increase, we can use the following formula:
Percentage Increase = ((New Value - Old Value) / Old Value) * 100
In this case, the old value is the average price in 1980 (60) and the new value is the average price in 1982 (120). Plugging these values into the formula, we get:
Percentage Increase = ((120 - 60) / 60) * 100 = 100%
Therefore, the percentage increase from 1980 to 1982 is indeed 100%.
Step 2: Calculate the decrease in 1980 with 1982 as the base:
To calculate the decrease in 1980 with 1982 as the base, we need to consider the percentage increase as a multiplier. Let's denote the decrease as D.
D = 100% - Percentage Increase
Plugging in the value of the percentage increase (100%), we get:
D = 100% - 100% = 0%
Therefore, the decrease in 1980 with 1982 as the base is 0%.
Conclusion:
Based on the above calculations, we can conclude that the given statement is incorrect. The increase in 1982 compared to 1980 is indeed 100%, but there is no decrease in 1980 with 1982 as the base. The decrease is 0% because the base has shifted from 1980 to 1982. It is important to carefully analyze the given information and perform accurate calculations to determine the correct results.
The given statement states that the average price of certain commodities in 1980 was 60 and the average price of the same commodities in 1982 was 120. It further claims that the increase in 1982 compared to 1980 was 100%. However, it also asks to calculate the decrease in 1980 with 1982 as the base.
Calculation of increase and decrease:
To analyze the given statement and calculate the increase and decrease accurately, let's break down the calculations step by step.
Step 1: Calculate the percentage increase from 1980 to 1982:
To calculate the percentage increase, we can use the following formula:
Percentage Increase = ((New Value - Old Value) / Old Value) * 100
In this case, the old value is the average price in 1980 (60) and the new value is the average price in 1982 (120). Plugging these values into the formula, we get:
Percentage Increase = ((120 - 60) / 60) * 100 = 100%
Therefore, the percentage increase from 1980 to 1982 is indeed 100%.
Step 2: Calculate the decrease in 1980 with 1982 as the base:
To calculate the decrease in 1980 with 1982 as the base, we need to consider the percentage increase as a multiplier. Let's denote the decrease as D.
D = 100% - Percentage Increase
Plugging in the value of the percentage increase (100%), we get:
D = 100% - 100% = 0%
Therefore, the decrease in 1980 with 1982 as the base is 0%.
Conclusion:
Based on the above calculations, we can conclude that the given statement is incorrect. The increase in 1982 compared to 1980 is indeed 100%, but there is no decrease in 1980 with 1982 as the base. The decrease is 0% because the base has shifted from 1980 to 1982. It is important to carefully analyze the given information and perform accurate calculations to determine the correct results.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,?
Question Description
The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? 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 The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,?.
The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? 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 The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,?.
Solutions for The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? defined & explained in the simplest way possible. Besides giving the explanation of
The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,?, a detailed solution for The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? has been provided alongside types of The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? theory, EduRev gives you an
ample number of questions to practice The average price of certain commodities in 1980 was 60 and average price of same commodities in 1982 was 120.therefore the increase in the 1982 on the basis of the 1980 was 100%.80.the decrease in 1980 with 1982 as base is : using 1982, comment on the above statement is,? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup