Jsing 2012 as the base period, find the price relative for supplier A, rounding the result to the nearest integ price in 2014 price relative in 2014 = -(100) price in 2012 5.50 |(100) Jse this same process to find the price relatives for suppliers B and C, rounding the results to the nearest nteger. Supplier Price Relative В
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
![(a) Compute the price relatives for each of the component suppliers separately. Compare the price
increases by the suppliers over the two-year period.
The price relative expresses the unit price of a period as a percentage of the unit price in a base period. This
is found as follows.
price in period t
price relative in period t
-(100)
base period price
If the price relative is greater than 100, then there was an increase in price from the base year. If this value is
less than 100, then there was a decrease in the price from the base year. The difference between the price
relative and 100 is the percentage of the increase or decrease.
The data are given below.
Unit Price ($)
Supplier
Quantity (2012)
2012
2014
A
100
4.95
5.50
В
100
5.60
5.95
C
160
5.50
6.70
Using 2012 as the base period, find the price relative for supplier A, rounding the result to the nearest integer.
price in 2014
(100)
price in 2012
price relative in 2014
%D
5.50
|(100)
Use this same process to find the price relatives for suppliers B and C, rounding the results to the nearest
integer.
Supplier
Price Relative
В
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96e0847f-4973-4b99-ac1e-7e94417321c7%2F840dcd3c-b0fb-4677-b8bd-23902cf26163%2Fd72649v_processed.png&w=3840&q=75)
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