The wholesale price index ( or price relative) of wheat in 2016 compared to 2013 is 200. If the cost of wheat was ₹25 per kg in 2013, the cost in 2016 is :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → ₹50
Price in 2016 = Price in 2013 × $\frac{Price\,Relative}{100}$
$=25×\frac{200}{100}=50$