Marshal Edgeworth Formula

1996(Base year) 2003 (Current year)

Items
Price ($) (P0) Quantity (Q0) Price ($) (Pn) Quantity (Qn)
Pens (Dozen) 0.9 50 1.1 55
Pencils (Dozen) 0.65 50 0.8 60
Erasers (Each) 0.45 250 0.55 275
Paper, lined (KG) 0.89 500 1.09 750
Paper, Printer (KG) 5.99 300 4.99 450

Now , Using Formula we have

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

Now , Using Formula we have

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