Find Quantity Index Number using Simple Aggregate method Commodit… - Vidyadip

Question

Find Quantity Index Number using Simple Aggregate method

Commodity	A	B	C	D	E
Base year Quantity	170	150	100	195	205
Current year Quantity	90	70	75	150	95

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Answer

Commodity	Base year quantity($q_0$)	Current year quantity ($q_1$)
A	170	190
B	150	70
C	100	75
D	195	150
E	205	95
Total	820	480

From the table $\sum q _0=820, \sum q _1=480$
Quantity Index Number $\left( Q _{01}\right)=\frac{\sum q _1}{\sum q _0} \times 100$
$ =\frac{480}{820} \times 100$
$=58.54 $

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