If the price of a commodity in a place have decreased by $30\%$ over the based period places, then the index number of that place is

The correct answer is Option a: $30$. MTP Nov 21

Index NumbersMTP Nov 21Question 3906 of 187

If the price of a commodity in a place have decreased by $\displaystyle 30\%$ over the based period places, then the index number of that place is

\displaystyle 30

\displaystyle 60

\displaystyle 70

\displaystyle 80

For any discrepancies in this question, email contact@cadada.in

✅ Option a — $\displaystyle 30$

Paper

Paper 3: Quantitative Aptitude

Weightage

4-6 Marks

Key Topics

Construction of Index Numbers, Time Series

This chapter covers Construction of Index Numbers, Time Series and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.

Exam Strategy Tip

This topic carries 4-6 Marks weightage. Focus on understanding core concepts rather than memorizing.

A statistical device for measuring changes in the magnitude of a group of related variables (like prices or production) over time.

Practice all 187 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.