If the price of a commodity was Rs. 250 in the year 2006 and Rs. 350 in the year 2010, then taking 2006…
Price Index for 2010 (with 2006 as base year) \(= \frac{P_{2010}}{P_{2006}} \times 100 = \frac{350}{250} \times 100 = 140\).
Choose your answer
If the price of a commodity was Rs. 250 in the year 2006 and Rs. 350 in the year 2010, then taking 2006 as the base year, the price index for the year 2010 will be :
Answer and explanation
Correct answer B
Price Index for 2010 (with 2006 as base year) .
Practice for these exams
-
Rajasthan Clerk Grade 2