# Lapeyres price index and the Paasche price index.

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For the following data, calculate the Lapeyres price index and the Paasche price index for the year 1997, taking 1993 as the base year.

Item

1993

1997

price

quantity

price

quantity

1 lb. of bananas

$0.39

150

$0.49

200

1 loaf of bread

$0.99

52

$1.29

52

1 gal. of 2% milk

$1.29

104

$1.69

52

1 dozen eggs

$0.69

30

$0.89

24

https://brainmass.com/business/profitability-index/lapeyres-price-index-paasche-price-index-136034

#### Solution Preview

For the following data, calculate the Lapeyres price index and the Paasche price index for the year 1997, taking 1993 as the base year.

Item 1993 ...

#### Solution Summary

For the following data, calculate the Lapeyres price index and the Paasche price index for the year 1997, taking 1993 as the base year.

$2.49