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

The cost of living index number using Weighted Relative Method is given by _____.

Q.4 (C)(ii) The cost of living index number using Weighted Relative Method is given by _____.

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: \(\text{C.L.I.} = \dfrac{\sum IW}{\sum W}\)

Here \(I = \dfrac{p_1}{p_0}\times 100\) is the price relative of each item and \(W = p_0q_0\) is its weight (base-year value). This is also called the family budget method.

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

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The cost of living index number using Weighted Relative Method is given by _____.

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