Question

The ratio for Paasche's and Laspeyer's index number is 5:4 and Fisher's index no. is 120. Find Paasche's and Laspeyer's index number.​

Answer 1

Step-by-step explanation:

Laspeyre's Index (L.I.) =110

Paasche's Index (P.I.) =108

Fisher's Ideal Index =L.I.×P.I.

                                 =110×108

                                 =108.995≈109

Answer 2

Answer:

Step-by-step explanation:

Laspeyre's Index (L.I.) =110

Paasche's Index (P.I.) =108

Fisher's Ideal Index =L.I.×P.I.

                                =110×108

                                =108.995≈109