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Relative Price Index

Price Relativ...

Question

Price Relatives = (Current year price/?) $\times 100$

A

Reference year price

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B

Periodic year price

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C

Base year price

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D

Both A and C

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Solution

The correct option is D
Both A and C

The formula includes both the reference year price and the base year price.

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Similar questions

Q. Price Relatives =

\frac{Current year price}{' x'}

x 100.
'x' is .

Q. Price relatives are a percentage ratio of current year price and:

Q. Fill in the blanks by using proper substitutes given in the bracket.

1) The index number for the base year is _____
(00 / 150 / 100 10)

2) Index numbers are ______ barometers.
(statistical / mathematics / economic / social)

3) The ratio of current year price to base year price multiplied by 100 is called _________ .
(relatives / percentage / price relatives / quantity relatives)

4) Index numbers are ________averages.
(multiple / simple / specialised / joint)

Q. Calculate price index number by weighted average of price relative method.

Commodity	Price Base Year (in ₹)	Price current year ( in ₹)	Quantity Base year (in Kg)
A	6.0	8.0	40
B	3.0	3.2	80
C	2.0	3.0	2

Q. The current price of a soap is Rs 10. The base price is 4. Find price relative.

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