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Chapter: Index Numbers· Mathematics & Statistics (Commerce) Part 2

Find the Value Index Number using Simple Aggregate Method for the following data :CommodityBase Year PriceBase Year QuantityCurrent Year PriceCurrent Year QuantityA30224018B40166012C10381524D50126016E20282536

Q.5 (A)(ii) Find the Value Index Number using Simple Aggregate Method for the following data :

CommodityBase Year PriceBase Year QuantityCurrent Year PriceCurrent Year Quantity
A30224018
B40166012
C10381524
D50126016
E20282536

1 answer

Best answer

Answer: Value Index Number \(V_{01} \approx 128.87\)

Commodity\(p_0\)\(q_0\)\(p_1\)\(q_1\)\(p_0q_0\)\(p_1q_1\)
A30224018660720
B40166012640720
C10381524380360
D50126016600960
E20282536560900
Total28403660

\(V_{01} = \dfrac{\Sigma p_1q_1}{\Sigma p_0q_0} \times 100 = \dfrac{3660}{2840} \times 100 = 128.87\) (approx.)

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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