Neetu Agrawal (PCS) (213 Points)
21 May 2012kindly solve;
In 1996 the avg price of a commodity was 20% more than in 1995 but 20% less than in 1994; and more over it was 50% more than in 1997 t price realtive using 1995 as base (1995 price relative 100) Reduce the data is:
Ans is : 150,100,120,80 for (1994-97)
kidly guide how the index number for theyear 1997 is arrived at 80?
CA Tushar Lakhanpal
(CA)
(416 Points)
Replied 21 May 2012
lets take price of the commodity for base year 1995
as 100 ( Same as index no.)
question is asked comparing all the prices with prices of year 1996
now in 1996 price is 120 (i.e 20% more than 1995)
in 1997 ... 96's price is 50% more than 97's price
lets take 97's price as X
now
X + .5X = 120 (i,e the price of 96)
on solving we get
x (i.e the price or index no. of 1997 as ) = 80
Regards
Tushar
(if still not able to get it ... let me know i'll upload the hand written solution )
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
CAclubindia
