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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 : |
₹40 ₹50 ₹62 ₹57 |
₹50 |
The correct answer is Option (2) → ₹50 Price in 2016 = Price in 2013 × $\frac{Price\,Relative}{100}$ $=25×\frac{200}{100}=50$ |
