For the given data calculate cost of living index number. is?
Group | Food | Clothing | Fuel and lighting | House Rent | Miscellenious |
I | 70 | 90 | 100 | 60 | 80 |
W | 5 | 3 | 2 | 4 | 6 |
Cost of living index number =∑IiWi∑Wi
∑IiWi=1540
∑Wi=20
⇒ Cost of living index number =154020=77