The wholesale price index of sugar in 20

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

The wholesale price index of sugar in 2008 compared to 2004 is 140. If the cost of sugar was ₹15 per kg in 2004, then the cost of sugar in 2008 is:

Options:

₹12 per kg

₹17 per kg

₹21 per kg

₹31 per kg

Correct Answer:

₹21 per kg

Explanation:

The correct answer is Option (3) → ₹21 per kg