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These questions are based on the price fluctuations of four commodities - arhar, pepper, sugar and gold during February - July 1999 as described in the figures below:
Question 143
Price change of a commodity is defined as the absolute difference in ending and beginning prices expressed as a percentage of the beginning. What is the commodity with the highest price change?
Solution
Price change of arhar = (2105-1700)/1700 = 23.82%
Price change of pepper = (19250-18500)/18500 = 4.05%
Price change of sugar = (1430 - 1440)/1430 = -0.69%
Price change of gold = (3850 - 4250)/3850 = -9.41%
Hence, the price change is maximum for arhar.
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