Calculate cost of living index number from the following data. – InterviewSolution

InterviewSolution

1.

Calculate cost of living index number from the following data.

Answer»

l₀₁ = \(\frac{Σpω}{Σω}\) = (110 × 3 + 120 × 8 + 112 × 4 + 108 × 6 + 105 × 9)/(3 + 8 + 4 + 6 + 9)

= 104.466.

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