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The total expenditure of a school on cer...

The total expenditure of a school on certaion consumable items was found to be Rs. 50650 in the year 1972. If the cost of living index for the year 1975, taking 1972 as the base year is 162.8, then the expenditure of the school in 1975 is

A

Rs. 82458

B

Rs. 82458.20

C

Rs. `82458.40`

D

None of these

Text Solution

Verified by Experts

The correct Answer is:
B
(i) Let the total expenditure in 1975 be Rs. X
(ii) Cost of living index `=("Total expenditure in the year 1975")/("Total expenditure in the year 1972")xx100`
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