Use the following information to construct index number for 1990 taking the price of 1985 as base. Use (i) simple aggregate method and (i) simple average of relative method in the construction

Question: Use the following information to construct index number for 1990 taking the price of 1985 as base. Use (i) simple aggregate method and (i) simple average of relative method in the construction

Commodity A B C D E
Price in Rs. 1985 12 25 10 6
————-1990 15 20 15 15

Solution:

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