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Math Help - Urgent help needed for calculating cost of living index

  1. #1
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    Exclamation Urgent help needed for calculating cost of living index

    PLEASE CHECK ATTACHED FILE FOR MORE INFORMATION

    PLEASE HELP ME. THANKS IN ADVANCE.
    CALCULATE COST OF LIVING INDEX FROM THE FOLLOWING INFORMATION:

    COMMODITIES: Percentage of Expenditure: Prices:
    2009: 2010:

    A 35 150 145

    B 10 25 23

    C 20 75 65

    D 15 30 30

    E 20 40 45
    Last edited by madan99022; May 6th 2012 at 06:47 AM.
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  2. #2
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    Re: Urgent help needed for calculating cost of living index

    excuse my ignorance, but is there a definition or method/formula for calculating the cost of living index?
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  3. #3
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    Re: Urgent help needed for calculating cost of living index

    yes, but in order to apply formula, i need to find out value of q (not) i.e, quantity.
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  4. #4
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    Re: Urgent help needed for calculating cost of living index

    Pretend that the total expenditure is X and then find the value of the index.

    You will find that the X's cancel...you should probably check you understand why.
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