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The total expenditure of a family in 1920 is Rs. 8,000. The cost of living indext for the year 1920 taking 1910 as the base year is 160. Then the expenditure of the family in the year 1910 was `"_______".`A. Rs. 3000B. Rs. 4000C. Rs. 5000D. Rs. 6000 |
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Answer» Correct Answer - C (i) Let the usual expenditure in 1910 be Rs. X. (ii) Cost of living indext `=("Total expenditure in the year 1920")/("Total expenditure in the year 1910")xx100` |
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