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Construct index numbers of price of the items in the year 2010 from the following data by Laspeyres Method Items 2001 2010 (

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Answer #1

Items 2001 base year 2010 current year PO QO - 4 - P 1 3 14 10 Q1 2 4 12 5 POQO P1Q1 P1Q0 5 12 10 6 10 98 40 56 20 50 240 120

Here Po represent base year price Q0 base year quantity

P1 represent current year price Q1 current year quantity

Laspeyes Index= [ {\sumP1Q0} /{\sumP0Q0}]*100

=(430/468)100

=91.88

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