From the table of group index numbers and group expenditures given below calculate the cost of living index number: $$ \begin{array}{|l|c|c|} \hline \text { Group } & \text { Index Number } & \begin{array}{c} \text { Percentage of } \\ \text { Total Expenditure } \end{array} \\ \hline \text { Food } & 428 & 45 \\ \text { Clothing } & 250 & 15 \\ \text { Fuel and light } & 220 & 8 \\ \text { House rent } & 125 & 20 \\ \text { Others } & 175 & 12 \\ \hline \end{array} $$
Added by Curtis E.
Step 1
Step 1: Identify the given data from the table: - Food: Index Number = 428, Percentage of Total Expenditure = 45% - Clothing: Index Number = 250, Percentage of Total Expenditure = 15% - Fuel and light: Index Number = 220, Percentage of Total Expenditure = 8% - Show more…
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