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A basket cost Rs 1,400 in the base year and Rs 1,950 now. The CPI is about what?
A71.8
B139.3
C150.0
D128.6
Answer & Solution
Correct answer: B. 139.3
CPI is current cost over base cost times 100, so 1,950 divided by 1,400 times 100 is about 139.29.
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