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Given that $p_0$ and $p_1$ represent base and current prices of a commodity, $q_0$ and $q_1$ refer to the base and current quantities, then the formula used to calculate price relatives is : |
$\frac{p_1}{p_0}×100$ $\frac{p_1q_1}{p_0q_0}×100$ $\frac{q_1}{q_1}×100$ $\sqrt{p_0q_1}$ |
$\frac{p_1}{p_0}×100$ |
Price relative compares the current price with the base price of a commodity. Formula of price relative: $\text{Price Relative}=\frac{p_1}{p_0}\times100$ final answer: $\frac{p_1}{p_0}\times100$ |
