Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

For the data :

Variable Price
Weights
Base year Current year
X 50 60 5
Y 20 25 7
Z 30 40 4

The weighted aggregative index number is :

Options:

125.50

120.50

124.50

126.50

Correct Answer:

124.50

Explanation:

The correct answer is Option (3) → 124.50

The weighted Average index number is,

$P_L=\frac{∑(P_1×W)}{∑(P_0×W)}×100$

$=\frac{60×5+25×7+40×4}{50×5+20×7+30×4}×100$

$=\frac{635}{510}×100=124.50$