The price quotations of four different commodities for 2015 and 2016 are given below. Calculate index number for 2016 with 2015 as base by using : (i) the simple average of price relatives (ii) the...


The price quotations of four different commodities for 2015 and 2016 are given<br>below. Calculate index number for 2016 with 2015 as base by using :<br>(i) the simple average of price relatives<br>(ii) the weighted average of price relatives.<br>Weight<br>'000)<br>Commodities<br>Unit<br>Price ir<br>Price ine<br>2015<br>2016<br>А<br>Kg<br>2.00<br>4.50<br>В<br>Quintal<br>2.50<br>3.20<br>C<br>Dozen<br>3.00<br>4.50<br>kg<br>1.00<br>1.80<br>5762<br>

Extracted text: The price quotations of four different commodities for 2015 and 2016 are given below. Calculate index number for 2016 with 2015 as base by using : (i) the simple average of price relatives (ii) the weighted average of price relatives. Weight '000) Commodities Unit Price ir Price ine 2015 2016 А Kg 2.00 4.50 В Quintal 2.50 3.20 C Dozen 3.00 4.50 kg 1.00 1.80 5762

Jun 10, 2022
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