PRC-2 · Chapter 9 · Question 28 of 60
If the base period price of Material A is Rs. 0.50 and the current period price is Rs. 0.75, what is the exact price relative?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) 150
Explanation
The price relative is strictly the current price divided by the base price, multiplied by 100. (0.75 / 0.50) * 100 = exactly 150.
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