CUET Preparation Today
For the data
The weighted price index number is : | ||||||||||||||||||
152.44 150.44 154.44 156.44 |
152.44 |
The correct answer is Option (1) → 152.44 ∑(Current year price $(P_C)$ × Weights) = $(50×8) + (15×7) + (50×4)$ $=625$ ∑(Base year price $(P_B)$ × Weights) = $(30×8) + (10×7) + (25×4)$ $=410$ ∴ Weighted Price index = $\frac{625}{410}×100≃152.44$ |
