Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

The index number for the following data, for the year 2011, taking 2010 as base year was found to be 116. The simple aggregate method was used fr calculation. Find the numerical values of x and y if the sum of the prices in the year 2011 is ₹203.

Commodity Price in ₹ in the year 2010 Prices in ₹ in the year 2011
A 20 25
B 10 30
C 30 15
D 25 45
E x 35
F 50 y

 

Options:

40

45

50

35

Correct Answer:

40

Explanation:

The correct answer is option (1) : 40

$∑p_0= 20+10+30+25+x+50$

$∑p_0=135+x$

Given $∑p_1=203= 25+30+15+45+35+y$

$y = 53 $

Given $\frac{∑p_1}{∑p_0}×100= 116$

$\frac{203}{135+x}×100=116$

$x= 40$