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Chapter: Index Numbers· Mathematics & Statistics (Commerce) Part 2

Find \(y\) if the cost of living index is 200 for the following data:GroupFoodClothingFuel and LightingHouse RentMiscellaneousI180120160300200W453\(y\)2

Q.5 (A) (iii) Find \(y\) if the cost of living index is 200 for the following data:

GroupFoodClothingFuel and LightingHouse RentMiscellaneous
I180120160300200
W453\(y\)2

1 answer

Best answer

Answer: \(y=6\)

GroupIWIW
Food1804720
Clothing1205600
Fuel and Lighting1603480
House Rent300\(y\)\(300y\)
Miscellaneous2002400
Total\(14+y\)\(2200+300y\)

C.L.I. \(=\frac{\sum IW}{\sum W}\Rightarrow 200=\frac{2200+300y}{14+y}\)
\(\therefore 2800+200y=2200+300y\Rightarrow 100y=600\Rightarrow y=6\).

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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