If the ratio of laspeyar's and passche's index number is 4:5 and fisher's index number is 150.find passche's index number pls answer
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Fisher Index Formula
LPI = Laspeyres Price Index = ∑(Pn,t) * (Qn,0) * 100 / (Pn,0) * (Qn,0)PPI = Paasche Price Index = ∑(Pn,t) * (Qn,t) * 100 / (Pn,0) * (Qn,0) ,Laspeyres Price Index for Year 0 –Paasche Price Index –Fisher Price Index for Year 0 –For Year 1.Laspeyres Price Index.Paasche Price Index.
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Answer:
Step-by-step explanation:
IL=4:5
IF=150
IF=√IL×IP ×100
150=√4÷5 ×IP ×100
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