A small industrial concern used three raw material A, B and C in its manufacturing process. The prices of the material was as shown below.
|
104 102 106 108 |
104 |
The correct answer is option (1) : 104
Hence, required index no. by simple aggregate method $p_{o1}=\frac{∑p_1}{∑p_o}×100=\frac{104}{100}×100= 104$ |