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The whole sale price index number or agricultural commodities in a given region at a given date is 280. The percentage use in prices of agricultural commodities over the base year is :
  • a)
    380
  • b)
    280
  • c)
    180
  • d)
    80
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The whole sale price index number or agricultural commodities in a giv...
Calculation of Percentage Increase in Prices of Agricultural Commodities:

Given, Wholesale Price Index Number (WPI) = 280

To find the percentage increase in prices of agricultural commodities over the base year, we need to know the base year WPI. Let's assume the base year WPI is 100.

Percentage increase in prices = ((Current WPI - Base WPI) / Base WPI) x 100
= ((280 - 100) / 100) x 100
= 180%

Therefore, the percentage increase in prices of agricultural commodities over the base year is 180%. Hence, option C is the correct answer.
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The whole sale price index number or agricultural commodities in a giv...
Base year value 100. current years price index is 280. then the base year price index would be 280 - 100 =180.
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The whole sale price index number or agricultural commodities in a given region at a given date is 280. The percentage use in prices of agricultural commodities over the base year is :a)380b)280c)180d)80Correct answer is option 'C'. Can you explain this answer?
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