The price index is calculated as
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- A \(\frac{\text{weighted price}}{\text{current price}}\) x \(\frac{100}{1}\)
- B \(\frac{\text{base year price}}{\text{current price}}\) x \(\frac{100}{1}\)
- C \(\frac{\text{current price}}{\text{weighted price}}\) x \(\frac{100}{1}\)
- D \(\frac{\text{current price}}{\text{base year price}}\) x \(\frac{100}{1}\)
Correct Answer: Option D
Explanation:
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