Question

From the following data find out price index number by fisher’s ideal formula for 2002 based on 2001. items A B C D Price (2001) 12 4 8 20 Quantity (2001) 100 200 120 60 Price (2002) 20 4 12 24 Quantity (2002 ) 120 240 150 50

Answer 1

Answer:

137.40

Explanation:

fisher's index number formula

√IL*IP

Laspeyres and Paasche index number