Question
Calculate Quantity Index number from the given data:
✓
Answer
| Commodity | Base Year Qty.$(q0)$ | Current Year Qty. $(p1)$ |
| P | $170$ | $90$ |
| Q | $150$ | $70$ |
| R | $100$ | $75$ |
| S | $195$ | $150$ |
| T | $205$ | $95$ |
| $\sum p0 = 820$ | $\sum p1 = 480$ |
Add quantities of current year $(q )$.
$\begin{aligned} & \mathrm{Q}_{01}=\frac{\Sigma q_1}{\Sigma q_0} \times 100 \\ & =\frac{480}{820} \times 100 \\ & =58.53\end{aligned}$
Hence, $Q_{01} = 58.53$
As quantity in the current year has fallen $Q_{01}$ is less than loo
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