Calculate Paasche Price Index Number.

220.00

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216.30

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219.12

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221.98

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Solution

The correct option is A $216.30$
ITEM Base Year
$P_{0}$ Base Year
$Q_{0}$ Current Year
$P_{1}$ Current Year
$Q_{1}$
$P_{0} Q_{1}$ $P_{1} Q_{1}$
$A$ $4$ $20$ $10$ $15$ $60$ $150$
$B$ $8$ $4$ $16$ $5$ $40$ $80$
$C$ $2$ $10$ $4$ $12$ $24$ $48$
$D$ $10$ $5$ $20$ $6$ $60$ $120$
$184$ $398$
Paasche Price Index Number
$P_{01}^{P} = \frac{\sum P_{1} Q_{1}}{\sum P_{0} Q_{1}} \times 100 = \frac{398}{184} \times 100 = 216.30$

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