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Practice Questions · Q6
Q.

Using the same commodities A, B and C as before, with base-year quantities 4, 6 and 10 units respectively as weights, compute the Weighted Aggregate price index number.

Commodityp0p_0 (Rs.)p1p_1 (Rs.)q0q_0
A20254
B15186
C101410
West Bengal WbchseTextbookSubjectiveImportance★★★★★est
75% · 6/8 Questions
✓ Free question

Σp0q0=20(4)+15(6)+10(10)=80+90+100=270\Sigma p_0 q_0 = 20(4)+15(6)+10(10) = 80+90+100=270

Σp1q0=25(4)+18(6)+14(10)=100+108+140=348\Sigma p_1 q_0 = 25(4)+18(6)+14(10) = 100+108+140=348

P01=Σp1q0Σp0q0×100=348270×100=128.89P_{01}=\dfrac{\Sigma p_1 q_0}{\Sigma p_0 q_0}\times100=\dfrac{348}{270}\times100=128.89

✓Final answer

P01=128.89P_{01}=128.89

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