The price relatives and weights of a set of commodities are given as:
Commodity A B C Price Relative 150 130 180 Weight
If the sum of weights is 30 and the index for the set is 144, then the values of and are:
The price relatives and weights of a set of commodities are given as:
| Commodity | A | B | C |
|---|---|---|---|
| Price Relative | 150 | 130 | 180 |
| Weight |
If the sum of weights is 30 and the index for the set is 144, then the values of and are:
Solution
✅ Correct Option: 3
Sum of weights: , so .
Index: , giving , i.e. .
Subtracting: , then .
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