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The Price of Indian Steel Has Been Reported Using an Index

Question 6

Multiple Choice

The price of Indian steel has been reported using an index price with a base set in 1995. In 2008 the index was 235 and in 2012 it was 289. Recalculate the index price for 2012, using 2008 as a new base (0 decimal place) .


A) 117
B) 119
C) 121
D) 123

Correct Answer:

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