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INDEX NUMBER — Statistics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceStatisticsINDEX NUMBER1 Mark
Question
Mention the formula for Laspeyre’s index number.
✓

Answer

Formula for Laspeyre’s index number if $(\left.\mathrm{I}_{\mathrm{L}}\right)=\frac{\sum p_1 q_0}{\sum p_0 q_0} \times 100$
Where, $p_o=\text{Price Of The Base Year}$
$p_1=\text{Price Of The Current Year}$
$q_0=\text{Quantity of The Base }$

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