The price Index Number by simple aggregative method for the year 2018 by taking year 2017 as base year from the data given below, is :
| Commodity | Price in 2017 (₹) | Price in 2018 (₹) |
| Rice | 50 | 55 |
| Wheat | 25 | 27 |
| Fish | 80 | 74 |
| Potato | 25 | 30 |
| Onion | 20 | 30 |
| $∑P_0=200$ | $∑P_1=216$ |
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 108
The price index number by simple aggregative method,
Price index number (P) = $\frac{∑P_1}{∑P_0}×100$
$=\frac{216}{200}×100$
$=108$