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Consider the following information Commodity Price in 2015 (Rs ) Price...

This question belongs to Commerce Business Statistics And Research Methods
Business Statistics and Research Methods
?

Consider the following information.
Commodity Price in 2015 (Rs.) Price in 2016 (Rs.)
A 50 70
B 40 60
C 80 90
D 110 120
E 20 20
If we go on constructing an index number for the year 2016, taking year 2015 as base, what will be the value?

Answer & Solution
Correct Answer: Option D
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