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An enquiry into the budgets of the middl...

An enquiry into the budgets of the middle class families in a certain city gave the following information:

What is the cost of living index of 2004 as compared with 1995 ?

Text Solution

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Cost of Living Index `= (sum RW)/(sum W) = (13,450)/(100) = 134.50)`
`:.` Cost of living index = 134.50 .
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