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If the base year price of an article is Rs 50 and the current year price is Rs 60, the price relative is
A80
B100
C150
D120
Answer & Solution
Correct answer: D. 120
1. Price relative = (Current / Base) × 100.
2. = (60 / 50) × 100 = 120.
3. It indicates a 20% rise compared to the base.
4. Hence the relative is 120.
_Source: Maharashtra Balbharati Std XII Mathematics & Statistics (Commerce), Ch 3 "Index Numbers", §3.1 ¶§3.1_
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