Question 28 of 35
Q.
Calculate the price index number from the given data:
| Commodity | A | B | C | D |
|---|---|---|---|---|
| Price in 2005 (₹) | 6 | 16 | 24 | 4 |
| Price in 2010 (₹) | 8 | 18 | 28 | 6 |
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2025Subjective· 4mImportance★★★★★
80% · 28/35 Questions
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Start your 14-day free trial to unlock the full solution →By the simple aggregative method P01 = (sum of current prices / sum of base prices) × 100 = (60 / 50) × 100 = 120, indicating a 20% rise in the general price level from 2005 to 2010.
Calculation (Simple Aggregative Method)
Base year = 2005 (prices = p0), Current year = 2010 (prices = p1).
| Commodity | Price 2005 (p0) | Price 2010 (p1) |
|---|---|---|
| A | 6 | 8 |
| B | 16 | 18 |
| C | 24 | 28 |
| D | 4 | 6 |
| Total | Σp0 = 50 | Σp1 = 60 |
Formula: Price Index (P01) = (Σp1 / Σp0) × 100
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