1.

The monthly per capita expenditure incurred by workers for an industrial centre during 1980 and 2005 on the following items are given below. The weights of these items are 75, 10, 5, 6 and 4 respectively. Prepare a weighted index number for cost of living for 2005 with 1980 as the base. ItemsPrice in 1980Price in 2005Food100200Clothing2025Fuel and Lighting1520House rent3040Misc.3565

Answer»

The monthly per capita expenditure incurred by workers for an industrial centre during 1980 and 2005 on the following items are given below. The weights of these items are 75, 10, 5, 6 and 4 respectively. Prepare a weighted index number for cost of living for 2005 with 1980 as the base.










































Items



Price in 1980



Price in 2005



Food



100



200



Clothing



20



25



Fuel and Lighting



15



20



House rent



30



40



Misc.



35



65






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