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Question Bank [2022] — Maths (commerce) STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsMaths (commerce)Question Bank [2022]4 Marks
Question
Find Price Index Number using Simple Aggregate method by taking $2005$ as base year.
Commodity P Q R S T
Price in 2005 (in ₹) 10 25 14 20 30
Price in 2015 (in ₹) 32 40 20 45 70
✓

Answer

Commodity Price in 2005 (in ₹)
(Base year) $p_0$		 Price in 2015(in ₹)
(Current year $p_1$)
P 10 32
Q 25 40
R 14 20
S 20 45
T 30 70
Total 99 207

$\text { From the table } \sum p _0=99, \sum p _1=207$
$\text { Price Index Number }\left( P _{01}\right)=\frac{\sum p _1}{\sum p _0} \times 100$
$=\frac{207}{99} \times 100$
$=209.09$

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