Given that $∑p_0q_0=800, ∑p_0q_1=1500,∑p_1q_0=955$ and $∑p_1q_1=1300,$ where subscripts 0 and 1 are used for base years and current year respectively. The Laspeyre's index number is : |
120.89 119.97 119.38 116.25 |
119.38 |
The correct answer is Option (3) → 119.38 The Laspeyres's Index Number is, $L=\left(\frac{∑p_1q_0}{∑p_0q_0}\right)×100$ $=\frac{955}{800}×100=119.38$ |