An enquiry into the budgets of the middle class families of a certain city revealed that on an average the percentage expenses on the different items were: Food 45, Rent 15, Clothing 12, Fuel and Light 8, Miscellaneous 20. The group index number for the current year as compared with a fixed base period was respectively 410, 150, 343, 248 and 285. Calculate the cost of living index number for the current year. Mr. X was getting Rs. 240 in the base period and Rs. 430 in the current year. State how much he ought to have received as extra allowance to maintain his former standard of living.
An enquiry into the budgets of the middle class families of a certain city revealed that on an average the percentage expenses on the different items were: Food 45, Rent 15, Clothing 12, Fuel and Light 8, Miscellaneous 20. The group index number for the current year as compared with a fixed base period was respectively 410, 150, 343, 248 and 285. Calculate the cost of living index number for the current year. Mr. X was getting Rs. 240 in the base period and Rs. 430 in the current year. State how much he ought to have received as extra allowance to maintain his former standard of living.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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An enquiry into the budgets of the middle class families of a certain city revealed that on an average the percentage
expenses on the different items were: Food 45, Rent 15, Clothing 12, Fuel and Light 8, Miscellaneous 20. The group
index number for the current year as compared with a fixed base period was respectively 410, 150, 343, 248 and 285.
Calculate the cost of living index number for the current year. Mr. X was getting Rs. 240 in the base period and Rs.
430 in the current year. State how much he ought to have received as extra allowance to maintain his former standard
of living.
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