KIndly solve the below with detailed solution:
if the ratio between laspeyers index no. and paasches index no is 28:27, then the missing figure in the following table 'p' is:
commodity base yr current yr
price quantity price quantity
x L 10 2 5
y L 5 P 2
Nearly 3 years elapsed since I cleared my CPT. Can't remember anything regarding this question. Why don't you ask your teacher?
Laspeyer’s index =( ∑PnQ0)/ ( ∑P0Q0) = (2*10 + P*5) /(L*10 + L*5 ) = (20 + 5P)/(15L) = (4 + P)/3L
Paasche’s index = ( ∑PnQn)/ ( ∑PnQn) = (2*5 + P*2)/(L*5 + L*2) = 2*(5+p)/(7L)
Now their ratio is 28:27 implies 7*(4+P)/(6*(5+p)) = 28/27 solving for P gives P = 4
thanx a lot tejaswi....
Mr. Akash thanx a lot for ur cocern if u dnt knw t answers its okay,, there is no impounded duty on u to comment on for this problem....if i hd a tutorials i wud hv made the best use of it.
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