If the consumer price index for 1994 is 800, then the purchasing power of a rupee is _____.

Question

Q.

The number of different sums can be formed with the following coins a rupee a fifty paise a twenty five paise a ten paise a five paise?

Answer 1

Since the consumer price index for 1994 is 800 it means purchasing power of the Rupee has got decreased by 8 times. Use the consumer price index formula and than divide it by 800.

If the consumer price index for 1994 is 800, then the purchasing power of a rupee is _____.

The correct option is C 12.5 paiseSince the consumer price index for 1994 is 800 it means purchasing power of the Rupee has got decreased by 8 times. Use the consumer price index formula and than divide it by 800.

The correct option is C 12.5 paise
Since the consumer price index for 1994 is 800 it means purchasing power of the Rupee has got decreased by 8 times. Use the consumer price index formula and than divide it by 800.