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Price relative of rice is 180 in 2013 compared to 2010. If rice costs ₹30 per kg in 2010, then its cost in 2013 is : |
₹40 per kg ₹44 per kg ₹54 per kg ₹36 per kg |
₹54 per kg |
The correct answer is Option (3) → ₹54 per kg The price relative is, Price relative = $\frac{Price\,in\,current\,year}{Price\,in\,base\,year}×100$ $180=\frac{P}{30}×100$ $P=1.8×30=54$ |
