Using the data given below calculate Price Index Numbers for the year 1958 by (i) Laspeyre's formula (ii) Paasche's formula and (iii) Fishers formula with the year 1949 as base. Quantity (000 Kg.) Price (Rs.) 1949 9.3 6-4 5.1 Commodity Rice Wheat Pulses 1958 4.5 3-7 2-7 1949 100 11 1958 90 10

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18
Using the data given below calculate Price Index Numbers for the
year 1958 by (i) Laspeyre's formula (ii) Paasche's formula and (iii) Fishers
formula with the year 1949 as base.
Commodity
Price (Rs.)
Quantity
(000 Kg.)
Rice
Wheat
Pulses
1949
9.3
6-4
5.1
1958
4.5
3-7
2-7
1949
100
11
1958
90
10
Transcribed Image Text:18 Using the data given below calculate Price Index Numbers for the year 1958 by (i) Laspeyre's formula (ii) Paasche's formula and (iii) Fishers formula with the year 1949 as base. Commodity Price (Rs.) Quantity (000 Kg.) Rice Wheat Pulses 1949 9.3 6-4 5.1 1958 4.5 3-7 2-7 1949 100 11 1958 90 10
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