By how much cloth price rose during the

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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In 1991 for working class people wheat was selling at an average price of $100 per 10
per metre, house rent at $ 500 per house and miscellaneous items at $ 20 per unit. By 2001 cost of
wheat rose by $ 50 per
cloth at $ 40
house rent by $ 300 per house and miscellaneous items doubled the
price. The weights of the groups in order were in the ratio 1:2:4:1. The working class cost of living
index number for the year 2001 with 1991 as base was 175%. By how much cloth price rose during the
period 1991-2001?
Transcribed Image Text:In 1991 for working class people wheat was selling at an average price of $100 per 10 per metre, house rent at $ 500 per house and miscellaneous items at $ 20 per unit. By 2001 cost of wheat rose by $ 50 per cloth at $ 40 house rent by $ 300 per house and miscellaneous items doubled the price. The weights of the groups in order were in the ratio 1:2:4:1. The working class cost of living index number for the year 2001 with 1991 as base was 175%. By how much cloth price rose during the period 1991-2001?
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