1.

A price index two items of A and B is being estimated. If two items are assigned weights of 64 and 36 respectively, the price index becomes 279. Similarly, if they are assigned weights of 50 each, the price index turns out to be 265. Determine the individual price index numbers of items A and B.

Answer»

A price index two items of A and B is being estimated. If two items are assigned weights of 64 and 36 respectively, the price index becomes 279. Similarly, if they are assigned weights of 50 each, the price index turns out to be 265. Determine the individual price index numbers of items A and B.



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