Mathematics · Statistics
If PR and PB denote the prices for the reference period and base period respectively, then the simple price index number is given by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(PR + PB) × 100
- 2PBPR × 100
- 3PRPB × 100✓
- 4PR × PB × 100
Correct answer
PRPB × 100
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