Home
Class 11
MATHS
A small industrial concern used three ra...

A small industrial concern used three raw materials A B and C in its manufacturing process. The prices of the materials are as shown below :

Using 2006 as the base year, calculate for 2016 a simple aggregate price index.

Text Solution

Verified by Experts

The correct Answer is:
Price index = 104
Promotional Banner

Topper's Solved these Questions

  • MODEL TEST PAPER - 9

    ICSE|Exercise SECTION - B |10 Videos

  • MODEL TEST PAPER - 20

    ICSE|Exercise SECTION - C|10 Videos

  • MODEL TEST PAPER -11

    ICSE|Exercise Sections - C|10 Videos

Similar Questions

Explore conceptually related problems

A small industrial concern used three raw materials A, B and C in its manufacturing process, the prices of the materials was as shown below: Using 1995 as the base year, calculate a simple aggregate price index for 2005.

A small industrial concern used three raw materials A, B and C in its manufacturing process. The price, in £ per kg, of these materials are shown below: Using 1957 as the base year, calculate for 1967. (i) a simple aggregate price index.

Index number for the total cost of raw materials used for the manufacturing of te commodity in 2015, using 2001 as the base year calculated as 179.94 . If the commodity was sold for Rs 1055.75 in 2010 , calculate the selling price in 2015 on assumption that selling prices are directly proportional to the cost or raw materials .

Find the consumer price index number for the year 2010 as the base year 2000 by using method of weighted aggregates.

Using 2105 as base year, the index number for the price of a commodity in 2016 is 118.Then the index number for 2015 taking 2016 as base year is :

The price relative to base 100 of a set of commodities are as given in the following tabe : Find the index number using simple average of price relatives .

The price index for the following data for the year 2011 taking 2001 as the base year was 127 . The simple average of price relatives method was used. Find the value of x :

In manufacture of sodium carbonate from Solvary (or ammonia soda) process the raw material used is :

Construct index number from the following data for 1991 and 1992 taking 1990 as base by using the method of simple average of price relatives: