The prices of two commodities rise from Rs. 10 and Rs. 20 to Rs. 12 and Rs. 25. What is the simple aggregative price index?
Correct answer: C. 123.33
- A. 115.00
- B. 120.00
- C. 123.33
- D. 125.00
Explanation
The index is calculated as (12 + 25) ÷ (10 + 20) × 100, which equals 123.33. It is not a weighted index because no quantities or weights are given.
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