Pg 316 of book T.R. Jain and V.K. Ohri question no. 2, second last step 11.5 - 4.5 / 11.5 + 4.5 must give the answer 7/16 instead of 7/76 and then the answer should be equal to 0.437.

Thanks Sarabjeet. The concerned error is merely a typo. The solution is absolutely correct. In the denominator it should be 16 instead of 76. 

@ Raj Kumar, the solutions to the numerical problems of T.R.Jain and V.K.Ohri are available on Meritnation.com. You can view them by following the link provided below.
https://www.meritnation.com/cbse/class11-commerce/textbook-solutions/economics/t.-r.-jain-&-v.-k.-ohri/1_13_16_1185


 

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