CA Foundation Exam > CA Foundation Questions > If the ratio between Laspeyre’s index n...
Start Learning for Free
If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :
- a)7
- b)4
- c)3
- d)9
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
If the ratio between Laspeyre’s index number Paasche’s Ind...
View all questions of this test
Most Upvoted Answer
If the ratio between Laspeyre’s index number Paasche’s Ind...
Let L = base year price (same for both commodities)
Laspeyre’s Index (LPI):
LPI = [(2 × 10) + (P × 5)] / [L × 10 + L × 5] × 100
⇒ LPI = (20 + 5P) / (15L) × 100
LPI = [(2 × 10) + (P × 5)] / [L × 10 + L × 5] × 100
⇒ LPI = (20 + 5P) / (15L) × 100
Paasche’s Index (PPI):
PPI = [(2 × 5) + (P × 2)] / [L × 5 + L × 2] × 100
⇒ PPI = (10 + 2P) / (7L) × 100
PPI = [(2 × 5) + (P × 2)] / [L × 5 + L × 2] × 100
⇒ PPI = (10 + 2P) / (7L) × 100
Given: LPI / PPI = 28 / 27
Substitute values:
[(20 + 5P)/15L] ÷ [(10 + 2P)/7L] = 28/27
⇒ (20 + 5P)/15 × 7/(10 + 2P) = 28/27
Cross-multiply:
(20 + 5P) × 7 × 27 = 15 × (10 + 2P) × 28
Left: 189 × (20 + 5P) = 3780 + 945P
Right: 15 × 28 × (10 + 2P) = 4200 + 840P
Right: 15 × 28 × (10 + 2P) = 4200 + 840P
Now, equate both sides:
3780 + 945P = 4200 + 840P
105P = 420 → P = 4
Final Answer: b) 4
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Question Description
If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 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 Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer?.
If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 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 Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer?.
Solutions for If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? 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 Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer?, a detailed solution for If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :a)7b)4c)3d)9Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup