CA Foundation · Quantitative Aptitude · Index Numbers
Prices of three items in the base year and current year are: Item A ₹10 and ₹15; Item B ₹20 and ₹25; Item C ₹30 and ₹50. Using the simple aggregate method, the price index for the current year is:
The sum of base prices is 60 and the sum of current prices is 90, so the simple aggregate index is 90 divided by 60 times 100, which is 150.
- A150
- B140Correct
- C125
- D90
Explanation
Σp0 = 10+20+30 = 60 and Σp1 = 15+25+50 = 90. Index = 90/60 × 100 = 150. Check: this equals 150, so the key is A...
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