24. In calculating cost of living index number, the weights used were : Rent 2, Clothing 3 Fuel and Light 1 and Miscellaneous 2. Calculate the index Food 8 number in the case of data where the percentage increases in the prices of the various items in 2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.

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24. In calculating cost of living index number, the weights used were :
Food 8, Rent 2, Clothing 3,, Fuel and Light 1 and Miscellaneous 2. Calculate the index
number in the case of data where the percentage increases in the prices of the various items in
2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.
Transcribed Image Text:24. In calculating cost of living index number, the weights used were : Food 8, Rent 2, Clothing 3,, Fuel and Light 1 and Miscellaneous 2. Calculate the index number in the case of data where the percentage increases in the prices of the various items in 2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.
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