Calculate the Paasche's price index (using 2021 as the base year). Provide your answer to the nearest two decimal places (e,g. 107.25).

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The following information relates to a company's sales of four related products over the period 2021 to 2022.
Products
A
B
C
D
Price ($)
200
125
75
150
2021
Quantity (Units)
2250
1375
3500
1725
Price ($)
225
140
100
200
2022
Quantity (Units)
2500
1500
3250
2250
Calculate the Paasche's price index (using 2021 as the base year). Provide your answer to the nearest two decimal places (e,g. 107.25).
Transcribed Image Text:The following information relates to a company's sales of four related products over the period 2021 to 2022. Products A B C D Price ($) 200 125 75 150 2021 Quantity (Units) 2250 1375 3500 1725 Price ($) 225 140 100 200 2022 Quantity (Units) 2500 1500 3250 2250 Calculate the Paasche's price index (using 2021 as the base year). Provide your answer to the nearest two decimal places (e,g. 107.25).
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