CA Foundation Exam > CA Foundation Questions > If the ratio between laspeyre's index number ...
Start Learning for Free
If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure?
Most Upvoted Answer
If the ratio between laspeyre's index number and paasche's index numbe...
Ratio between Laspeyre's and Paasche's Index Number
The Laspeyre's index number is an index number that measures the change in the cost of a fixed basket of goods over time. The Paasche's index number, on the other hand, measures the change in the cost of a variable basket of goods over time. If the ratio between Laspeyre's and Paasche's index numbers is given, we can find the missing figure using the following formula:
Let L be the Laspeyre's index number and P be the Paasche's index number. The ratio between L and P is given as:
L/P = 28/27
We can use this ratio to find the missing figure.
Finding the Missing Figure
To find the missing figure, we need to know one of the index numbers. Let's assume that the Laspeyre's index number is given as L = 140. Now we can use the ratio to find the Paasche's index number:
L/P = 28/27
140/P = 28/27
Cross-multiplying, we get:
27 x 140 = 28P
Solving for P, we get:
P = (27 x 140)/28 = 135
Therefore, the missing figure is the Paasche's index number, which is 135.
Community Answer
If the ratio between laspeyre's index number and paasche's index numbe...
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure?
Question Description
If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? 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 If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure?.
If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? 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 If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure?.
Solutions for If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? 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 If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? defined & explained in the simplest way possible. Besides giving the explanation of
If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure?, a detailed solution for If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? has been provided alongside types of If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? theory, EduRev gives you an
ample number of questions to practice If the ratio between laspeyre's index number and paasche's index number is 28:27. Then find the missing figure? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup