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INDEX NUMBER — Statistics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceStatisticsINDEX NUMBER1 Mark
Question
Write the formula for the conversion of chain base index number into fixed base index number.
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Answer

The formula for the conversion of chain base index number into fixed base index number is as follows: Fixed base index number:$= ($Current year’s chain base index number * Previous year’s fixed base index number$)/100$

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