CUET Preparation Today
CUET
-- Applied Mathematics - Section B2
Index Numbers and Time Based Data
The following table shows the prices per unit in 2010 and 2014 with weights of commodities A, B, C, D.
162.5
164.5
170.5
172.5
The correct answer is option (1) : 162.5
Price relative
$I=\frac{p_1}{p_0}×100$
120
150
140
200
2400
3750
2100
8000
$∑w= 16250$
∴ Index number $=\frac{∑Iw}{∑w}=\frac{16250}{100}=162.5$