Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Given that $∑p_0q_0= 1000, ∑p_0q_1=1200, ∑p_1q_0=1350, ∑p_1q_1= 1500, $ where subscripts 0 and 1 used for base year and current year respectively. The Paasche's Index number is :

Options:

112.5

125

135

111.11

Correct Answer:

125