EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D. Weight Average wholesale price Сommodity 2015 2011 2012 2013 2014 A 30 4.50 6.00 7.50 9.00 10.50 40 10.00 8.00 12.00 12.00 15.00 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 b 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
Сommodity
%
2011
2012
2013
2014
2015
A
30
4.50
6.00
7.50
9.00
10.50
B
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.
Transcribed Image Text:EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D. Weight Average wholesale price Сommodity % 2011 2012 2013 2014 2015 A 30 4.50 6.00 7.50 9.00 10.50 B 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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