Question
Find the Price Index Number using the Simple Aggregate Method.
Use 1990 as the base year in the following problem.
Use 1990 as the base year in the following problem.
| Commodity | Unit | Price (in Rs.) for 1990 | Price (in Rs.) for 1997 |
| Butter | kg | 21 | 33 |
| Cheese | kg | 30 | 36 |
| Milk | litre | 25 | 29 |
| Bread | loaf | 10 | 14 |
| Eggs | doz | 24 | 36 |
| Ghee | tin | 250 | 320 |