7.

The following data a~ given about the index numbers and weights for the items of living
of industrial workers in a city in the year 2014. Find the cost of living index number for
industrial workers. If the average monthly salary paid to these workers in the year 2012
was , 6.000. what should be the monthly salary in the current year 2014 to maintain the
same standard of living '!
Fucland Miscellaneous
Grogp Food Housing Clolhing
Electricity expense

Pritt i■des ol 2014 2SS 174 234 153 274

(Base year 2012)

Welab t 42 8 12 18 20
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I. The data about the industrial production quantity and weights for the year 20 I 5 are given
below. Compute the index number of industrial production and intetp.el it.

Year 2113 Year 2115

ladatry Ualt
prod•doll prodlldloa
Was•t

Mine Lakh tons 10 IS 4

Textile Cn:n meters 20 2S 6

F.nginecring Lakh tons 30 2S 30

Chemicals Hundred tons 40 so 3

Food Lakh tons so 60 4

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9. The data about per unit price and weights of four different items in the year 2014 and
20 IS are as follows. Compute the index number of the year 20 IS.

Year21l4 Year 2115

lte• Wei&llt
Price per ■alt m Price per ult 00
A 40 l2 40

B 2S II) 100

C 20 24 30

D IS 4 6
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IO. The index numbers of food and clothing among the different groups of cost of living
are ISO and 224.7 respectively for the year 201S. The price of fuel has increased by
220 %. The expense on rent has increased from , 4000 to , 6000 and miscellaneous
. •
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