In 1976 the average price of a commodity was 20% more than in 1975. but 20% less than in 1974 and it was 50% more than in 1977. Reduce the data to price relatives. (i) Using 1975 as base (ii) With 1974-1975 as base average

MATLAB: An Introduction with Applications
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In 1976 the average price of a commodity was 20% more than in 1975
but 20% less than in 1974 and it was 50%more than in 1977. Reduce the
data to price relatives.
(i) Using 1975 as base
(ii) With 1974-1975 as base average
Transcribed Image Text:12 In 1976 the average price of a commodity was 20% more than in 1975 but 20% less than in 1974 and it was 50%more than in 1977. Reduce the data to price relatives. (i) Using 1975 as base (ii) With 1974-1975 as base average
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