Mathematics
Mathematics
Problem
Compute the cost of living index number by using the following data:| Item | Weight | Prices in (Rs.) | |
|---|---|---|---|
| Base Year | Current Year | ||
| Food | 10 | 400 | 500 |
| House rent | 5 | 160 | 240 |
| Clothing | 3 | 80 | 100 |
| Fuel and lighting | 4 | 100 | 140 |
| Miscellaneous | 5 | 160 | 200 |