Question
Construct Price Index Number from the given data.
✓
Answer
Price Index $P_{01}=x 100$
$ =\frac{42}{40} \times 100$
$=105 $
Hence, $P_{01}=105$
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Calculate Value Index number using a simple method of the following data:
Explain the problems faced by the money market in India.
Explain the concept of Green GNP.
Given below are the price quantity data with price quoted in Rs. per kg and production in quintals. Construct index number by Laspeyre’s method.
Explain the structure of Tax-revenue of the government.
Construct Price Index Number from the given data.
Explain variation in supply with the help of diagram.
Explain the principles of taxation.
Calculate Laaspeyre’s and Paasche’s index from the given dala:
Explain the factors influencing elasticity of demand.