Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

A factory used three raw materials A, B and C in its manufacturing process. The prices are as follows using 2010 as the base year

Commodities Price in 2010 Price in 2020
A 5 6
B 65 57
C 30 42

a simple aggregate price index for year 2020 is

Options:

100

104

105

95

Correct Answer:

105