A. 100
B. 200
C. 240
D. 300
Correct Answer:
Option B – 200
Explanation
Price index is gotten by diving the current market price by the base year price. Hence we have;
Price index = 240/120 x 100 = 200
A. 100
B. 200
C. 240
D. 300
Correct Answer:
Option B – 200
Explanation
Price index is gotten by diving the current market price by the base year price. Hence we have;
Price index = 240/120 x 100 = 200
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