Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 6. INDEX NUMBERS 2. Calculate Quantity Index number from the given data

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 6. INDEX NUMBERS

2. Calculate Quantity Index number from the given data:

Commodity	P	Q	R	S	T
Base year quantities	170	150	100	195	205
Current year quantities	90	70	75	150	95

SOLUTION: -

Commodity	Base year quantities q0	Current year quantities q1
P	170	90
Q	150	70
R	100	75
S	195	150
T	205	95
Total	∑q0 = 820	∑q1 = 480

Quantity Index Number = q1/q0 * 100

480/820 *100

58.54.