Find y,if cost of living index number is 200
Group | Food | Clothing | Fuel and lighting | House rent | Miscellaneous |
I | 180 | 120 | 160 | 300 | 200 |
W | 4 | 5 | 3 | y | 2 |
Cost of living index number =∑IiWi∑Wi
∑IiWi=2200+300y
∑Wi=14+y
⇒ Cost of living index number =2200+300y14+y=200
⇒2200+300y=2800+200y
∴y=6