In 2004 for working class people wheat was selling at an average price of Rs. 16 per 20 kg cloth at Rs. 2 per metre, house rent Rs. 30 per house and other items at Rs. 10 per unit. By 2005 cost of wheat rose by Rs. 4 per 20 kg., house rent by Rs. 15 per house and other items doubled in price. The working class cost of living index for the year 2005 (with 2004 as base) was 160. By how much the cloth rose in price during the period? (A) Rs. 1:30 (B) Rs. 1.20 (C) Rs. 1.70 (D) Rs. 0.90
In 2004 for working class people wheat was selling at an average price of Rs. 16 per 20 kg cloth at Rs. 2 per metre, house rent Rs. 30 per house and other items at Rs. 10 per unit. By 2005 cost of wheat rose by Rs. 4 per 20 kg., house rent by Rs. 15 per house and other items doubled in price. The working class cost of living index for the year 2005 (with 2004 as base) was 160. By how much the cloth rose in price during the period? (A) Rs. 1:30 (B) Rs. 1.20 (C) Rs. 1.70 (D) Rs. 0.90
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:2. In 2004 for working class people wheat was selling at an average price of Rs. 16
cloth at Rs. 2 per metre, house rent Rs. 30 per house and other items at Rs. 10 per unit. By
2005 cost of wheat rose by Rs. 4 per 20 kg., house rent by Rs. 15 per house and other items
doubled in price. The working class cost of living index for the year 2005 (with 2004 as
base) was 160. By how much the cloth rose in price during the period?
(А) Rs. 1.30
per
20 kg,
(В) Rs. 1.20
(C) Rs. 1.70
(D) Rs. 0.90
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