Using simple average of relatives method, the price index for 2011, taking 2001 as base year, was found to be 127. If , then x and y from the following data are :
Commodities A B C D E F Prices (in Rs.) in 2001 80 70 x 20 18 25 Prices (in Rs.) in 2011 100 87.50 61 22 y 32.50
Using simple average of relatives method, the price index for 2011, taking 2001 as base year, was found to be 127. If , then x and y from the following data are :
| Commodities | A | B | C | D | E | F |
|---|---|---|---|---|---|---|
| Prices (in Rs.) in 2001 | 80 | 70 | x | 20 | 18 | 25 |
| Prices (in Rs.) in 2011 | 100 | 87.50 | 61 | 22 | y | 32.50 |
Solution
✅ Correct Option: 1
From : , so .
Index , so .
, giving , so .
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