Example 20.18) The price relatives and weights of a set of commodities are given in the following table: C₂ C₁ C3 C₁ Commodity 127 125 Price relative 120 119 W₂+3 W 2 Weight 2W₁ W₁ If the index for the set is 122 and the sum of the weights is 40. find W, and W₁.

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Example 20.18) The price relatives and weights of a set of commodities are given in the following table:
C₁
C₂
C3
C₁
119
Commodity
125
127
120
W₁
W₂+3
Price relative
W 2
2W₁
Weight
If the index for the set is 122 and the sum of the weights is 40, find W₁ and W₂.
Transcribed Image Text:Example 20.18) The price relatives and weights of a set of commodities are given in the following table: C₁ C₂ C3 C₁ 119 Commodity 125 127 120 W₁ W₂+3 Price relative W 2 2W₁ Weight If the index for the set is 122 and the sum of the weights is 40, find W₁ and W₂.
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