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Question 35 of 35
Q.

Calculate (a) Laspeyre’s and (b) Paasche's Price Index Numbers for the following data:

CommodityBase yearCurrent year
PriceQuantityPriceQuantity
P12201824
Q14122116
R8101218
S16152025
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2026Subjective· 4mImportance★★★★★
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Using base-year quantities as weights, Laspeyre's =1032728×100≈141.76=\frac{1032}{728}\times100\approx141.76; using current-year quantities, Paasche's =14841056×100≈140.53=\frac{1484}{1056}\times100\approx140.53.

Here p0,q0p_0,q_0 are base-year price and quantity, and p1,q1p_1,q_1 are current-year price and quantity. We build the four weighted-aggregate sums:

Commodityp0p_0q0q_0p1p_1q1q_1p1q0p_1q_0p0q0p_0q_0p1q1p_1q_1p0q1p_0q_1
P12201824360240432288
Q14122116252168336224
R810121812080216144
S16152025300240500400
Total103272814841056
…

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