From the information given below find Laspeyres' and Paasche's price index number for year Il with year I as base: Total Value Commodity (in kg.) Price/Unit Commodity Year I Year II Year I Year Il A 24.09 12.30 184.50 В 20.66 10.17 8 122.04 C 18.60 16.42 16 295.56 D 9.45 10.21 25 189.00

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter30: Customary And Metric Steel Rules
Section: Chapter Questions
Problem 18A
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From the information given below find Laspeyres' and Paasche's price index number for year Il with
year I as base:
Commodity
(in kg.)
Price/Unit
Total Value
Commodity
Year I
Year II
Year I
Year II
A
24.09
12.30
184.50
B
20.66
10.17
8
122.04
C
18.60
16.42
16
295.56
D
9.45
10.21
25
189.00
Transcribed Image Text:From the information given below find Laspeyres' and Paasche's price index number for year Il with year I as base: Commodity (in kg.) Price/Unit Total Value Commodity Year I Year II Year I Year II A 24.09 12.30 184.50 B 20.66 10.17 8 122.04 C 18.60 16.42 16 295.56 D 9.45 10.21 25 189.00
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