Find index numbers by fixed base and chain base method from the f… - Vidyadip

Question

Find index numbers by fixed base and chain base method from the following data about the prices.

Year	$2011$	$2012$	$2013$	$2014$	$2015$	$2016$
Price	$40$	$45$	$48$	$60$	$75$	$90$

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Answer

Fixed base index numbers $=100,112.5,120,150,187.5,225$
Chain base index numbers $=100,112.5,106.67,125,125,120$

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