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Find the fixed market basket guru price index

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Question: The Guru Price Index. A guru purchases only olive oil, loincloths, and copies of the Atharva Veda, from which he selects mantras for his disciples. Here are the quantities and prices of his purchases in 1985 and 2005:

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From these data, find the fixed market basket Guru Price Index (1985 = 100) for 2005.

Reference no: EM131638636

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