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Calculate the Index Number. for the Year 2014, with 2010 as the Base Year by the Weighted Aggregate Method from the Following Data: - Mathematics

Calculate the index number. for the year 2014, with 2010 as the base year by the weighted aggregate method from the following data:

Commodity Price in Rs Weight
2010 2014
A 2 4 8
B 5 6 10
C 4 5 14
D 2 2 19

 

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Solution

Commodity Price in Rs Weight w `p_1omega` `p_0omega`
 

2010

`p_0`

2014

`p_1`

A 2 4 8 32 16
B 5 6 10 60 50
C 4 5 14 70 56
D 2 2 19 38 38
        `sum p_1 omega` = 200 `sum p_0 omega = 160`
       

`p_01 = (sum p_1 omega)/(sum p_0 omega) xx 100`

`=200/160 xx 100`

= 125

Concept: Application of Calculus in Commerce and Economics in the Profit Function and Breakeven Point
  Is there an error in this question or solution?
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