CUET · MATHS · PYQ PAPER 2023
Given that \(\sigma p_{0} q_{0} = 1000, \sigma p_{0} q_{0} = 1200, \sigma p_{0} q_{0} = 1350, \sigma p_{0} q_{0} = 1500\), where subscripts 0 and and 1 used for base year and current year respectively. The Paasche's Index number is :
- A 112.5
- B 125
- C 135
- D 111.11
Answer & Solution
Correct Answer
(D) 111.11
Step-by-step Solution
Detailed explanation
\( \text{Paasche's Index} = \frac{\sum p_1 q_1}{\sum p_0 q_1} \times 100 \) \( = \frac{1500}{1350} \times 100 \) \( = 111.11 \)
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