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Question

A factory uses three raw materials A ,B and C in the manufacturing process.The price of material were as shown below: Calculate a simple aggregate index for 2005.

CommodityPrice in Rs in 1995Price in Rs in 2005
A45
B6057
C3642

A
119
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B
106
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C
104
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D
108
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Solution

The correct option is C 104
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Commodity
Price in Rs in 1995 (p0)
Price in Rs in 2005 (p1)
A 4 5
B 60 57
C 3642

p0 = 100 , p1= 104
price index number p01 = p1p0×100
=104100×100
= 104

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