Calculate the cost of living index number for the year 1995 on the basis of 1990 from the following data:
Item Quantity
(in kg) Cost (in Rs.)
(year 1990) per kg
(year 1995)
A 8 30.00 45.00
B 5 28.00 36.00
C 12 6.00 11.00
D 40 9.00 15.00
E 18 10.00 12.00

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Solution

Cost of living index in 1995 = $\frac{Total Expense in 1995}{Total Expense in 1990} \times 100 = \frac{1488}{992} \times 100 = 150$

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Item	Quantity (in kg)	Cost (in Rs.) (year 1990)	per kg (year 1995)
A	8	30.00	45.00
B	5	28.00	36.00
C	12	6.00	11.00
D	40	9.00	15.00
E	18	10.00	12.00

Calculate the cost of living index number for the year 1995 on the basis of 1990 from the following data:ItemQuantity(in kg)Cost (in Rs.)(year 1990)per kg(year 1995)A830.0045.00B528.0036.00C126.0011.00D409.0015.00E1810.0012.00

Cost of living index in 1995 = Total Expense in 1995Total Expense in 1990×100=1488992×100=150

Calculate the cost of living index number for the year 1995 on the basis of 1990 from the following data:
Item Quantity
(in kg) Cost (in Rs.)
(year 1990) per kg
(year 1995)
A 8 30.00 45.00
B 5 28.00 36.00
C 12 6.00 11.00
D 40 9.00 15.00
E 18 10.00 12.00

Cost of living index in 1995 = $\frac{Total Expense in 1995}{Total Expense in 1990} \times 100 = \frac{1488}{992} \times 100 = 150$