IOG Technologies offers semiconductor and system solutions for automotive industrial and multimarket sectors for applications in communication. The following data relates to the production of three products manufactured by them:   Product Price (RM) Quantity 2000 2016 2000 2016 BD-1005 3.00 3.20 60 80 LCM-2134 2.00 2.50 100 90 DDK-456 3.50 4.00 500 700 Determine the Laspeyres Price Index (LPI) and Paasche Price Index (PPI) for 2016 using 2000 as the base period.

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  1. IOG Technologies offers semiconductor and system solutions for automotive industrial and multimarket sectors for applications in communication. The following data relates to the production of three products manufactured by them:

 

Product

Price (RM)

Quantity

2000

2016

2000

2016

BD-1005

3.00

3.20

60

80

LCM-2134

2.00

2.50

100

90

DDK-456

3.50

4.00

500

700

Determine the Laspeyres Price Index (LPI) and Paasche Price Index (PPI) for 2016 using 2000 as the base period.

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