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The index number in whole sale prices is 152 for August 1999 compared to August 1998.During the year there is net increase in prices of whole sale commodities to the extent of
  • a)
    45%
  • b)
    35%
  • c)
    52%
  • d)
    48%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The index number in whole sale prices is 152 for August 1999 compared ...
Calculation of Increase in Wholesale Prices

Given:
Index number for August 1999 = 152
Index number for August 1998 = 100

To calculate the increase in wholesale prices, we can use the following formula:

Increase = (New Value - Old Value) / Old Value x 100

Substituting the given values in the formula, we get:

Increase = (152 - 100) / 100 x 100
Increase = 52%

Therefore, the net increase in wholesale prices during the year is 52%.

Conclusion

Option C, which states that there is a 52% increase in wholesale prices, is the correct answer.
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Community Answer
The index number in whole sale prices is 152 for August 1999 compared ...
152 current index no. which will subtracted by the base year
152-100
52
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The index number in whole sale prices is 152 for August 1999 compared to August 1998.During the year there is net increase in prices of whole sale commodities to the extent ofa)45%b)35%c)52%d)48%Correct answer is option 'C'. Can you explain this answer?
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