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Q 5
Q 5
Im = Ʃ Pn (Q0+Qn) × 100
Ʃ P0 (Q0+Qn)
5597.25 × 100
6007.25
0.93174913646 × 100
Ans 93.174913646
Fisher Ideal Index Formula
1996(Base year)
(Q0+Qn) Pn (Q0+Qn) P0 (Q0+Qn) Items
Price ($) (P0)
105 115.5 94.5 Pens (Dozen) 0.9
110 88.0 71.5 Pencils (Dozen) 0.65
525 288.75 236.25 Erasers (Each) 0.45
1250 1362.5 1112.5 Paper, lined (KG) 0.89
750 3742.5 4492.5 Paper, Printer (KG) 5.99
5597.25 6007.25
I f = 100
= 100
= 100
ans
1996(Base year) 2003 (Current year)
P0 Q0 P0 Qn Pn Q0
Quantity (Q0) Price ($) (Pn) Quantity (Qn)
50 1.1 55 45 49.5 55
50 0.8 60 32.5 39 40
250 0.55 275 112.5 123.75 137.5
500 1.09 750 445 667.5 545
300 4.99 450 1797 2695.5 1497
2432 3575.25 2274.5
Ʃ Pn Q0 × Ʃ Pn Qn
Ʃ P0 Q0 Ʃ P0 Qn
2274.5 × 3322.75
2432 3575.25
0.93523848684 × 0.92937556814
0.86918780006
93.23024187
Pn Qn
60.5
48
151.25
817.5
2245.5
3322.75