Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

The price of five different commodities for year 2018 and 2019 are as follows:

Commodities Price is 2018 (in ₹) Price is 2019 (in ₹)
A 4 8
B 3 9
C 2 6
D 6 9
E 2 4

The price index number for the tear 2019 with 2018 as the base year, using sample average of price relatives is :

Options:

230

203

233

320

Correct Answer:

230