The price relatives and weights of a set of commodities are given as :
If the sum of weights is 54 and index for the set is 130, then the values of x and y are |
x=12, y=18 x=15, y = 9 x= 16, y = 6 x= 9, y = 15 |
x=15, y = 9 |
The correct answer is Option (2) → $x=15, y = 9$ Sum of weights: $x+2x+y=54$ $3x+y=54$ ...(1) Weighted average index is, $I=\frac{∑(P_R×W)}{∑W}$ $⇒130=\frac{100x+130(2x)+180y}{54}$ $⇒360x+180y=7020$ ...(2) From (1) and (2), $360x+180(54-3x)=7020$ $-180x+9720=7020$ $-180x=-2700$ $x=15$ and, $y=54-3(15)$ $y=54-45=9$ |