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Given that p0_0 and p1_1 represent base and current prices of a commodity, q0_0 and q1_1 refer to the base and current quantities, then the formula used to calculate price relatives is :

Solution

✅ Correct Option: 1

Price relative is the ratio of current to base price multiplied by 100: PR=(p1/p0)×100\text{PR} = (p_1/p_0) \times 100.

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