Bumbunchak Company produces and sells four different types of baby appliances. The prices and quantities in 2020 and 2021 are shown in table below. Types Baby Bullet Steamer Baby Bottle Sterilize & Dryer Baby Formula Milk Maker Baby Food Maker Price per unit (RM) m 180 110 2020 205 Quantity ('000) 15 35 25 5 Price per unit (RM) 100 230 110 2021 230 Quantity ('000) 10 20 45 5 a) Calculate the value of m and n. b) Calculate the simple average relative price index in 2021. Price index for the year 2021 based on the year 2020 (%) 125 n 100 112.2
Bumbunchak Company produces and sells four different types of baby appliances. The prices and quantities in 2020 and 2021 are shown in table below. Types Baby Bullet Steamer Baby Bottle Sterilize & Dryer Baby Formula Milk Maker Baby Food Maker Price per unit (RM) m 180 110 2020 205 Quantity ('000) 15 35 25 5 Price per unit (RM) 100 230 110 2021 230 Quantity ('000) 10 20 45 5 a) Calculate the value of m and n. b) Calculate the simple average relative price index in 2021. Price index for the year 2021 based on the year 2020 (%) 125 n 100 112.2
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
Related questions
Question
Do a and b.
![QUESTION 4
Bumbunchak Company produces and sells four different types of baby appliances. The
prices and quantities in 2020 and 2021 are shown in table below.
Types
Baby Bullet
Steamer
Baby Bottle
Sterilize &
Dryer
Baby Formula
Milk Maker
Baby Food
Maker
Price per
unit (RM)
m
180
110
2020
205
Quantity
('000)
15
35
25
5
Price per
unit (RM)
100
230
110
2021
230
Quantity
('000)
10
20
45
5
Price index for the
year 2021 based on
the year 2020 (%)
125
n
100
112.2
a)
Calculate the value of m and n.
b)
Calculate the simple average relative price index in 2021.
c) Calculate the Laspeyres price index in 2021. Explain the meaning of the value obtained.
d)
Calculate the Paasche quantity index in 2021. Explain the meaning of the value
obtained.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F53d7cf85-38ef-4e29-990a-1b88e048b96f%2Fdff576f2-cbe9-42ed-bbc1-ba19adab0852%2F4c8xrgn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 4
Bumbunchak Company produces and sells four different types of baby appliances. The
prices and quantities in 2020 and 2021 are shown in table below.
Types
Baby Bullet
Steamer
Baby Bottle
Sterilize &
Dryer
Baby Formula
Milk Maker
Baby Food
Maker
Price per
unit (RM)
m
180
110
2020
205
Quantity
('000)
15
35
25
5
Price per
unit (RM)
100
230
110
2021
230
Quantity
('000)
10
20
45
5
Price index for the
year 2021 based on
the year 2020 (%)
125
n
100
112.2
a)
Calculate the value of m and n.
b)
Calculate the simple average relative price index in 2021.
c) Calculate the Laspeyres price index in 2021. Explain the meaning of the value obtained.
d)
Calculate the Paasche quantity index in 2021. Explain the meaning of the value
obtained.
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