If the ratio between laspeyre's index number and paasche's index number is 28:27 .then the missing figure in the following table p is
commodity base year current year
price quantity price quantity
x 1 10 2
5
y 1 5 p
2
Answers
Answered by
33
Step-by-step explanation:
Given If the ratio between laspeyre's index number and paasche's index number is 28:27 .then the missing figure in the following table p is
X L 10 2 5
Y L 5 P 2
- So Laspeyre’s index number = ∑ PxQo / ∑ PoQo
- = 2 x 10 + P x 5 / L x 10 + L x 5
- = 20 + 5P / 15 L
- = 5 (4 + P) / 15 L
- = 4 + P / 3L
- Now for the Paasche’s index number we have, ∑ Px Qx / ∑ Po Qx
- = 2 x 5 + P x 2 / L x 5 + L x 2
- = 2P + 10 / 7L
- = 2 (P + 5) / 7L
- Given Ratio = L : P = 28:27
- So 4 + p / 3L / 2 (P + 5) / 7L = 28/27
- Or 7 (4 + P) / 6(P + 5) = 28/27
- Or 9(4 + P) = 8(P + 5)
- 36 + 9P = 8P + 40
- Or P = 40 – 36
- Or P = 4
Reference link will be
https://brainly.in/question/7303684
Answered by
37
Answer:
P=4
Step-by-step explanation:
...............................
Attachments:
Similar questions
Science,
4 months ago
Social Sciences,
4 months ago
Math,
9 months ago
Hindi,
9 months ago
English,
1 year ago