If the ratio of laspeyres and paasches index number is 4:5 and fishers index number is 150, find paasches index number.
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Fisher Index Formula
Fisher Index FormulaLPI = 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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