Laspeyres Price Index =?

157.33

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153.14

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153.33

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157.14

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Solution

The correct option is C $153.33$
Laspeyres Price Index Number
$P_{01}^{L} = \frac{Σ P_{1} Q_{0}}{Σ P_{0} Q_{0}} \times 100 = \frac{23}{15} \times 100 = 153.33$ .

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Similar questions

Q. Laspeyres Price Index Number = ?

Q. Calculate Laspeyres Price Index Number.

Q. Which of these method of index number uses arithmetic average of the Laspeyres and Paasche's index.

Laspeyres' method is generally preferred over Paasche’s method because Laspeyres' method involves collecting data for just one year which is the base year whereas Paasche’s requires collecting data for every year the index number is required.

Q. From the following data compute Laspeyres' ideal quantity index.

Items	$2009$	$2009$	$2010$	$2010$
	Price (Rs.)	Total value (Rs.)	Price (Rs.)	Total value (Rs.)
$A$	$5$	$50$	$4$	$48$
$B$	$8$	$48$	$7$	$49$
$C$	$6$	$18$	$5$	$20$

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Laspeyres Price Index =?

The correct option is C 153.33Laspeyres Price Index Number PL01=ΣP1Q0ΣP0Q0×100=2315×100=153.33.

The correct option is C $153.33$
Laspeyres Price Index Number
$P_{01}^{L} = \frac{Σ P_{1} Q_{0}}{Σ P_{0} Q_{0}} \times 100 = \frac{23}{15} \times 100 = 153.33$ .