EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D. Weight Average wholesale price Commodity % 2011 2012 2013 2014 2015 A 30 4.50 6.00 7.50 9.00 10.50 40 10.00 8.00 12.00 12.00 15.00 C 10 2.00 2.50 3.00 4.00 5.00 20 1.50 3.00 4.50 6.00 12.00 Taking 2011 as the base, calculate the price index number for 2012, 2013, 2014 and 2015 by suitable method.
EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D. Weight Average wholesale price Commodity % 2011 2012 2013 2014 2015 A 30 4.50 6.00 7.50 9.00 10.50 40 10.00 8.00 12.00 12.00 15.00 C 10 2.00 2.50 3.00 4.00 5.00 20 1.50 3.00 4.50 6.00 12.00 Taking 2011 as the base, calculate the price index number for 2012, 2013, 2014 and 2015 by suitable method.
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![EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D.
Weight
Average wholesale price
Commodity
%
2011
2012
2013
2014
2015
A
30
4.50
6.00
7.50
9.00
10.50
40
10.00
8.00
12.00
12.00
15.00
C
10
2.00
2.50
3.00
4.00
5.00
D
20
1.50
3.00
4.50
6.00
12.00
Taking 2011 as the base, calculate the price index number for 2012, 2013, 2014 and 2015 by
suitable method.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e7fc8bf-a5b0-4834-81a8-e76ab8bb0316%2F00baa13d-6c53-430e-90ea-6f75375f51ad%2Fe2h2bsa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D.
Weight
Average wholesale price
Commodity
%
2011
2012
2013
2014
2015
A
30
4.50
6.00
7.50
9.00
10.50
40
10.00
8.00
12.00
12.00
15.00
C
10
2.00
2.50
3.00
4.00
5.00
D
20
1.50
3.00
4.50
6.00
12.00
Taking 2011 as the base, calculate the price index number for 2012, 2013, 2014 and 2015 by
suitable method.
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