CUET Preparation Today
The price of three commodities are shown in the following table.
The price index for 2011 taking 2010 as base year using simple aggregative method is |
102 103 104 105 |
103 |
The correct answer is Option (2) → 103 The simple aggregative price index is, $P_I=\frac{∑P_1}{∑P_0}×100$ $=\frac{15+48+40}{16+52+32}×100$ $=\frac{103}{100}×100=103$ |
