Wines of South Africa provide a complete range of white wines, red wines and dessert wines. The table below gives the quantity sold as well as the price for 2010 and 2014. Use 2010 as the base year. Calculate the Laspeyres price index of Wines of South Africa. Round off to two decimals. 2010 2014 Wine Type Quantity Sold Price (in R) Quantity Sold Price (in R) Red 500 R30 400 R70 White 2500 R20 4000 R15 Dessert 2000 R50 1000 R60 O A. 86.06% D B. 76.88% DC. 104.23% D D. 116.67%
Wines of South Africa provide a complete range of white wines, red wines and dessert wines. The table below gives the quantity sold as well as the price for 2010 and 2014. Use 2010 as the base year. Calculate the Laspeyres price index of Wines of South Africa. Round off to two decimals. 2010 2014 Wine Type Quantity Sold Price (in R) Quantity Sold Price (in R) Red 500 R30 400 R70 White 2500 R20 4000 R15 Dessert 2000 R50 1000 R60 O A. 86.06% D B. 76.88% DC. 104.23% D D. 116.67%
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 8PPS
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