Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Table below shows consumer price index for 2020 taking 2019 as base year, using simple average of Price Relative Index method, relative price index number for cheese will be :

Commodities Price in 2019 Price in 2020
Butter 20 21
Cheese 16 12
Milk 3 3
Options:

75

105

100

150

Correct Answer:

75