The Index Numbers of five commodities are 121, 123, 125, 126, 128 and – InterviewSolution

1.

The Index Numbers of five commodities are 121, 123, 125, 126, 128 and the weights assigned to these arerespectively 5, 11, 10. 8. 6. Then, what is the weighted average Index Number?

Answer»

Explanation:

P = commodity

V = weight

PV = 121×5+ 123×11 + 125 × 10+ 126×8+ 128 × 6

= 4984

P = 40

weighted average = PV / V

index NUMBER

= 4984 / 40

= 124.6

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