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The Price Index Number for year 2004, with respect to year 2000 as base year. is known to be 130. Find the missing numbers in the following table if ∑p0 = 320 - Mathematics and Statistics

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प्रश्न

The Price Index Number for year 2004, with respect to year 2000 as base year. is known to be 130. Find the missing numbers in the following table if ∑p0 = 320

Commodity A B C D E F
Price (in ₹) in 2000 40 50 30 x 60 100
Price (in ₹) in 2000 50 70 30 85 y 115
सारिणी
योग

उत्तर

We first tabulate the given data.

Commodities Price in 2000
(Base year)
p0
Price in 2005
(Current year)
p1
A 40 50
B 50 70
C 30 30
D x 85
E 60 y
F 100 115

From the above table, we have

∑p0 = 280 + x, ∑p1 = 350 + y

But it is given that ∑p0 = 320, so that

280 + x = 320

∴ x = 40

Further. using the formula

p0 = `(sump_1)/(sump_0) xx 100`

We have, 130 = `(350 + y)/320 xx 100`

∴ `(130 xx 320)/100` = 350 + y

∴ 416 = 350 + y

∴ y = 66

Hence, x = 40 and y = 66

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