If a colour TV cost Rs.12000 in and Rs. 18000 in 2003 , the price relative is

Options

A. (a)105
B. (b)150
C. (c)250
D. (d)50

Answer

To find the price relative of a color TV with respect to the base year, we will follow these steps:

### Step 1: Identify the prices
- Base year price (P0) = Rs. 12,000 (in the year 2000)
- Current year price (P1) = Rs. 18,000 (in the year 2003)

### Step 2: Use the formula for price relative
The formula for price relative is given by:
\[ \text{Price Relative} = \left( \frac{P1}{P0} \right) \times 100 \]

### Step 3: Substitute the values into the formula
Substituting the values we have:
\[ \text{Price Relative} = \left( \frac{18000}{12000} \right) \times 100 \]

### Step 4: Simplify the fraction
Now, simplify the fraction:
\[ \frac{18000}{12000} = \frac{18}{12} = \frac{3}{2} \]

### Step 5: Calculate the price relative
Now, multiply by 100:
\[ \text{Price Relative} = \left( \frac{3}{2} \right) \times 100 = 150 \]

### Final Answer
Thus, the price relative is **150**.

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