Calculate the index number for the year 2006 with 1996 as the base year by the weighted average of price relatives method from the following data.

Question

Commodity A B C D E Weight 40 25 5 20 10 Price (Rs. per unit) Year 1996 32.00 80.00 1.00 10.24 4.00 Price (Rs. per unit) Year 2006 40.00 120.00 1.00 15.36 3.00 This question has multiple parts. Therefore each part has been answered as a separate question on Clay6.com