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Observe the following table and answer the questions given below it: Commodities Prices in 2006 (in ₹) (Base Year) P0 Prices in 2006 (in ₹) (Current Year)

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प्रश्न

Observe the following table and answer the questions given below it:

Commodities Prices in 2006 (in ₹) (Base Year) P0 Prices in 2006 (in ₹) (Current Year) P1
A 20 30
B 30 45
C 40 60
D 50 75
E 60 90

Questions:

  1. Write the formula for calculation of price index.
  2. Find the value of ∑P0 and ∑P1.
  3. Find the price index P01.
संख्यात्मक
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उत्तर

1. P01 = `(∑"P"_1)/(∑"P"_0) xx 100`

2.

Commodities Prices in 2006 (in ₹) (Base Year) P0 Prices in 2006 (in ₹) (Current Year) P1
A 20 30
B 30 45
C 40 60
D 50 75
E 60 90
  ∑P0 = 200 ∑P1 = 300

∑P0 = 200, ∑P1 = 300

3. P01 = `(∑"P"_1)/(∑"P"_0) xx 100`

= `300/200 xx 100`

= `3/2 xx 100`

= 150

The price index P01 = ₹ 150.

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