Experts can you pls provide me the solution
Solution:
Cost of living index = Total of I × W / Total of W
Items | Price (I) | Weight (W) | I × W |
Wheat | 241 | 10 | 2410 |
Rice | 150 | 4 | 600 |
Maida | 200 | 2 | 400 |
Pulses | 170 | 2 | 340 |
Oil | 125 | 2 | 250 |
Total | 20 | 4000 |
Cost of living index = Total of I × W / Total of W
Cost of living index = 4000 / 20
Cost of living index = 200
Cost of living index = 200