CA Foundation Exam > CA Foundation Questions > If PoQo = 1360, PnQo = 1900, PoQn = 1344, ...
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If å PoQo = 1360, å PnQo = 1900, å PoQn = 1344, å PoQn = 1880 then the Laspeyre’s Index number is
- a)0.71
- b)1.39
- c)1.75
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
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If PoQo = 1360, PnQo = 1900, PoQn = 1344, PoQn = 1880 then the Las...
Given Data:
PoQo = 1360
PnQo = 1900
PoQn = 1344
PnQn = 1880
To find: Laspeyres Index Number
Formula: Laspeyres Index Number = (Current Year Quantity * Base Year Price) / (Base Year Quantity * Base Year Price) * 100
Calculation:
Base Year Quantity = PoQo = 1360
Base Year Price = Average of PoQo and PoQn = (1360 + 1344) / 2 = 1352
Current Year Quantity = PnQo = 1900
Current Year Price = Average of PnQo and PnQn = (1900 + 1880) / 2 = 1890
Laspeyres Index Number = (1900 * 1352) / (1360 * 1352) * 100 = 139
Therefore, the Laspeyres Index Number is 1.39 (Option B).
PoQo = 1360
PnQo = 1900
PoQn = 1344
PnQn = 1880
To find: Laspeyres Index Number
Formula: Laspeyres Index Number = (Current Year Quantity * Base Year Price) / (Base Year Quantity * Base Year Price) * 100
Calculation:
Base Year Quantity = PoQo = 1360
Base Year Price = Average of PoQo and PoQn = (1360 + 1344) / 2 = 1352
Current Year Quantity = PnQo = 1900
Current Year Price = Average of PnQo and PnQn = (1900 + 1880) / 2 = 1890
Laspeyres Index Number = (1900 * 1352) / (1360 * 1352) * 100 = 139
Therefore, the Laspeyres Index Number is 1.39 (Option B).
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Community Answer
If PoQo = 1360, PnQo = 1900, PoQn = 1344, PoQn = 1880 then the Las...
B. 1.39
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If PoQo = 1360, PnQo = 1900, PoQn = 1344, PoQn = 1880 then the Laspeyres Index number isa)0.71b)1.39c)1.75d)None of theseCorrect answer is option 'B'. Can you explain this answer?
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