Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Using simple average of relatives method, the price index for 2011, taking 2001 as base year, was found to be 127. If $∑p_0= 263,$ then x and y from the following data are :

Commodities A B C D E F
Prices (in ₹ ) in 2001 80 70 x 20 18 25
Prices (in ₹ ) in 2011 100 87.50 61 22 y 32.50
Options:

$x=50, y = 27 $

$x=50, y = 50 $

$x=27, y = 50$

$x=27, y = 27$

Correct Answer:

$x=50, y = 27 $