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Given sum((P(1))/(P(0))xx100)=611.6 and ...

Given `sum((P_(1))/(P_(0))xx100)=611.6` and Commodities are A,B,C,D and E then index number equal to

A

`123.32`

B

`122.23`

C

`132.22`

D

`123.23`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to calculate the index number using the given information. The formula for the index number using the Price Relative Method is: \[ \text{Index Number} = \frac{\sum \left( \frac{P_1}{P_0} \times 100 \right)}{N} \] where: - \( P_1 \) is the price of the commodities in the current period, - \( P_0 \) is the price of the commodities in the base period, - \( N \) is the number of commodities. ### Step-by-step Solution: 1. **Identify the Given Values**: - We are given that: \[ \sum \left( \frac{P_1}{P_0} \times 100 \right) = 611.6 \] - The number of commodities \( N = 5 \). 2. **Substitute the Values into the Formula**: - Using the formula for the index number: \[ \text{Index Number} = \frac{611.6}{5} \] 3. **Perform the Division**: - Calculate the index number: \[ \text{Index Number} = \frac{611.6}{5} = 122.32 \] 4. **Final Result**: - The index number is: \[ \text{Index Number} = 122.32 \] ### Final Answer: The index number is **122.32**.
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