Question

The prices (in Rs.) for the commodity ABC,XYZ, MNO, and IJK in base year (2020) are 20, 18, 12, 24 and in current year (2022) are 25, 22, 15, 28 respectively. The value of price index by simple aggregative method is

A 125.62 Correct Answer Incorrect Answer
B 115.62 Correct Answer Incorrect Answer
C 111.62 Correct Answer Incorrect Answer
D 121.62 Correct Answer Incorrect Answer

Solution

The correct answer is D

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