If total value in base year and current year are respectively 800, and – InterviewSolution

InterviewSolution

1.

If total value in base year and current year are respectively 800, and 1000, compute value Index number.

Answer»

Value 1.NO. V₀₁ = \(\frac{∑p_1q_0}{∑p_0q_0} \times 100\)

= \(\frac{1000}{800}\) × 1000

= 125

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