Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 6. INDEX NUMBERS
Q.3. Solve the following:
1. Calculate Price Index number from the given data:
SOLUTION:-
⇒ Here, ∑P0 = 50 and ∑P1 = 60
Using Simple Aggregate Price Index formula
∴ Simple Aggregate Price Index = P1/P0 * 100
60/50 * 100
=120
