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Topics: Construction, Consulting, Energy
Price variation calculation as per IEEMA Circular dated May 2014

Can someone help me with the process of calculation of Price Variation for supplies made before April'2014 as per IEEMA? I have the circular which says for calculation of PV indices should be taken as flat and April'14 indices should be used in numerator. Further the same is to be again factored with keeping base indices as Apr'14 in denominator. If someone can explain with an example that would be really helpful

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"The creator of the universe works in mysterious ways. But he uses a base ten counting system and likes round numbers."

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