Given below are the data relating to the indices and weights of the consumer's tems for the current year 1998 : Items Indices Weights Food Fuel Clothing Rent Misc. 200 50 100 17 125 12 160 10 130 11 It is proposed to allow dearness allowance in 1998 is such a manner that it will fully compensate the price rise in food and clothing. Determine such dearness allowance in terms of nercentage of wages.

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Given below are the data relating to the indices and weights of the consumer's
items for the current year 1998 :
Items
Indices
Weights
Food
Fuel
Clothing
Rent
Misc.
200
50
100
17
125
12
160
10
130
11
It is proposed to allow dearness allowance in 1998 is such a manner that it
will fully compensate the price rise in food and clothing. Determine such dearness
allowance in terms of percentage of wages.
Transcribed Image Text:Given below are the data relating to the indices and weights of the consumer's items for the current year 1998 : Items Indices Weights Food Fuel Clothing Rent Misc. 200 50 100 17 125 12 160 10 130 11 It is proposed to allow dearness allowance in 1998 is such a manner that it will fully compensate the price rise in food and clothing. Determine such dearness allowance in terms of percentage of wages.
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