MCQ
Price-relative is expressed in terms of:
- A$\frac{P_n}{P_o} \times 100$
- B$P =\frac{P_0}{P}$
- ✓$P =\frac{P_n}{P_o} \times 100$
- D$P =\frac{P_n}{P_0}$
✓
Answer
Correct option: C.
$P =\frac{P_n}{P_o} \times 100$
(c) $P =\frac{P_n}{P_o} \times 100$
Explanation:
$P=\frac{P_n}{P_o} \times 100$
Where $P _{ n }=$ Current year Value
$P_0=\text { Base year Value }$
Explanation:
$P=\frac{P_n}{P_o} \times 100$
Where $P _{ n }=$ Current year Value
$P_0=\text { Base year Value }$
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