# Solve the following: Calculate Quantity Index number from the given data: Commodity P Q R S T Base year quantities 170 150 100 195 205 Current year quantities 90 70 75 150 95 - Economics

Numerical

Solve the following:

Calculate Quantity Index number from the given data:

 Commodity P Q R S T Base year quantities 170 150 100 195 205 Current year quantities 90 70 75 150 95

#### Solution

 Commodity Base year quantitiesq0 Current year quantitiesq1 P 170 90 Q 150 70 R 100 75 S 195 150 T 205 95 Total ∑q0 = 820 ∑q1 = 480

Quantity Index Number = (∑"q"_1)/(∑"q"_0)xx100

= 480/820xx100

= 58.54

Concept: Construction of Index Numbers
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#### APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 6 Index Numbers
Exercise | Q 3. (2) | Page 60