ExamBro
ExamBro
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 :

  1. A 112.5
  2. B 125
  3. C 135
  4. D 111.11
Verified Solution

Answer & Solution

Correct Answer

(D) 111.11

Step-by-step Solution

Detailed explanation

\( \text{Paasche's Index} = \frac{\sum p_1 q_1}{\sum p_0 q_1} \times 100 \) \( = \frac{1500}{1350} \times 100 \) \( = 111.11 \)
From CUET
Explore more questions on app