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Index Numbers

Question
CBSEENST11024585

Record the daily expenditure, quantities bought and prices paid per unit of the daily purchases of your family for two weeks. How has the price change affected your family?

Solution

The students are advised that they should enquire their parents about the daily expenditure. Quantities bought and prices paid per unit of daily purchases of their family for two weeks. They will come to know that the rising prices of goods have effected that family very much.