An enquiry into the budget of middle class families in a certain locality of a city gave the following information: Expenses on Food Rent Clothing…
BBS Business Statistics · 2079 · Solved Question with Answer
An enquiry into the budget of middle class families in a certain locality of a city gave the following information:
| Expenses on | Food | Rent | Clothing | Fuel | Misc |
| 30% | 15% | 20% | 10% | 25% | |
| Price in 2021(Rs.) | 160 | 60 | 110 | 30 | 80 |
| Price in 2022(Rs.) | 184 | 70 | 135 | 55 | 100 |
What is the cost of living index number of 2022 as compared to 2021? If an Employee's monthly salary is Rs. 40,500 in base period what should be his/her salary in current period ?