The price of three commodities are shown in the following table.
| Commodity | Price in ₹ in 2010 | Price in ₹ in 2011 |
| X | 16 | 15 |
| Y | 52 | 48 |
| Z | 32 | 40 |
The price index for 2011 taking 2010 as base year using simple aggregative method is
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 103
The simple aggregative price index is,
$P_I=\frac{∑P_1}{∑P_0}×100$
$=\frac{15+48+40}{16+52+32}×100$
$=\frac{103}{100}×100=103$