Example 20.14 Calculate index number of prices for 1995 on the basis of 1990 from the data given below: Commodity Weight Price per unit 1990 (Rs) Price per unit 1995 (Rs) A 40 16 20 B 25 40 50 C 20 12 15 D 15 2 3 If the weights of commodities A, B, C and D are increased in the ratio 1:2:3:4, what will be the increase in index number?
Example 20.14 Calculate index number of prices for 1995 on the basis of 1990 from the data given below: Commodity Weight Price per unit 1990 (Rs) Price per unit 1995 (Rs) A 40 16 20 B 25 40 50 C 20 12 15 D 15 2 3 If the weights of commodities A, B, C and D are increased in the ratio 1:2:3:4, what will be the increase in index number?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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Transcribed Image Text:Example 20.14 Calculate index number of prices for 1995 on the basis of 1990 from the data given
below:
Commodity
Weight
Price per unit 1990 (Rs)
Price per unit 1995 (Rs)
A
40
16
20
B
25
40
50
C
20
12
15
D
15
2
3.
If the weights of commodities A, B, C and D are increased in the ratio 1:2:3:4, what will be the increase
in index number?
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