Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Given that $∑p_0q_0= 700, ∑p_0q_1=1450, ∑p_1q_0=855$ and $∑p_1q_1=1300.$ Where subscripts 0 and 1 are used for base year and current year respectively. The Laspeyer's price index number is :

Options:

18.46

119.35

120.23

122.14

Correct Answer:

18.46