The following table gives the changes in the price (in Rs) and the quantity (units) of certain commodities: Commodity 2022 Price 2022 Quantity 2023…
BBS Business Statistics · 2081 · Solved Question with Answer
The following table gives the changes in the price (in Rs) and the quantity (units) of certain commodities:
| Commodity | 2022 Price | 2022 Quantity | 2023 Price | 2023 Quantity |
| A | 1200 | 15 | 1500 | 17 |
| B | 1700 | 20 | 1800 | 16 |
| C | 500 | 50 | 400 | 60 |
| D | 100 | 25 | 120 | 30 |
Calculate price index number according to
(a) Laspeyre's formula
(b) Paasche's formula
(c) Fisher's ideal formula.