The quotations for four different commodities for the years 2000 and 2005 are given below.Calculate the index number for 2005 with 2000 as the base year by using the weighted average of price relatives method.

Question

  Commodity Weight Price in Rs.  in the year 2000 Price in Rs. in the year 2005 A B C D 5 7 6 2 2.00 2.50 3.00 1.00 4.50 3.20 4.50 1.80 This question has multiple parts. Therefore each part has been answered as a separate question on Clay6.com