Question

Using the following data, compute Fisher’s Ideal price index number for the current year.

Commodity	Base year		Current Year
	Price (Rs./Kg)	Quantity (K.g)	Price (Rs./Kg)	Quantity (K.g)
A	8	6	12	4
B	10	8	12	8
C	14	4	18	4
D	4	6	2	10
E	10	10	14	8

Answer 1

= √(392/308 x 348/288) x 100

= 124.0