CA Foundation Exam  >  CA Foundation Questions  >  Bowley 's index number isu 150. Fisher Index ... Start Learning for Free
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ?
Verified Answer
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche...
Paasche's index number is  = 158
This question is part of UPSC exam. View all CA Foundation courses
Most Upvoted Answer
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche...
Bowley's Index Number: 150

Bowley's index number is a method used to measure changes in the level of economic activity or prices over a period of time. It compares the average of current prices or values with the average of base period prices or values. In this case, Bowley's index number is given as 150.

Fisher's Index Number: 149

Fisher's index number is another method used to measure changes in the level of economic activity or prices. It takes into account both the relative price changes and the quantity changes of goods or services. Fisher's index number is calculated by using the geometric mean of the Laspeyres and Paasche index numbers. In this case, Fisher's index number is given as 149.

Calculating the 95 Paasche Index Number

To calculate the 95 Paasche index number, we need the prices or values of the current period and the base period. Let's assume we have the following data:

- Current period prices: P1 = {p1, p2, p3, ..., pn}
- Base period prices: P0 = {p0, p0, p0, ..., p0}
- Current period quantities: Q1 = {q1, q2, q3, ..., qn}
- Base period quantities: Q0 = {q0, q0, q0, ..., q0}

Step 1: Calculate the price relatives (Ri) for each item:
Ri = (pi / p0) * 100

Step 2: Calculate the quantity relatives (Qi) for each item:
Qi = (qi / q0) * 100

Step 3: Calculate the Paasche index number (P) using the formula:
P = (Σ(Ri * Qi)) / (ΣQi) * 100

In this case, we need the current period prices and quantities to calculate the 95 Paasche index number. Unfortunately, the given data only provides the Bowley's and Fisher's index numbers. Without the actual price and quantity data, it is not possible to calculate the 95 Paasche index number.

Conclusion

In summary, the Bowley's index number is given as 150, and the Fisher's index number is given as 149. However, without the actual price and quantity data, it is not possible to calculate the 95 Paasche index number. The Paasche index number is calculated by comparing the current period prices and quantities with the base period prices and quantities. It provides a measure of price and quantity changes over time.
Community Answer
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche...
Explore Courses for CA Foundation exam
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ?
Question Description
Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ?.
Solutions for Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? defined & explained in the simplest way possible. Besides giving the explanation of Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ?, a detailed solution for Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? has been provided alongside types of Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? theory, EduRev gives you an ample number of questions to practice Bowley 's index number isu 150. Fisher Index number is 149. 95 paasche index number is ? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev