Compute Marshall Edgeworth Ideal Index No.

191.52

The correct answer is Option (1) → 191.52

For calculating base period and current period quantity we divide value by price.

Marshall-Edgeworth Method:

$P_{01} = \frac{\sum p_1(q_0 + q_1)}{\sum p_0(q_0 + q_1)} \times 100 = \frac{\sum p_1q_0 + \sum p_1q_1}{\sum p_0q_0 + \sum p_0q_1} \times 100$

$= \frac{1276 + 848}{656 + 453} \times 100 = \frac{2124}{1109} \times 100 = 191.52$