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Index Numbers — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIndex Numbers1 Mark
Question
How is price relative calculated?
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Answer

Price relative is computed with the help of the given formula:$\text{Price Relative}=\frac{\text{Price in Current Year}}{\text{Price in Base Year}}\times100$

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