The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4.30 150 R 6.15 190 90 minutes R 4.60 100 R 7. 40 130 Using 2016 as base and calculate for 2020 the following Determine the Laspeyres price index: a) 149.492 O b) 149.367 O c) 66.949 O d) 66.893

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The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table
1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020.
TABLE 1
2016
2020
Length of tapes
Price
Quantity
Price
Quantity
30 minutes
R 4.00
32
R 5.60
40
60 minutes
R 4 30
150
R 6.15
190
90 minutes
R 4.60
100
R 7.40
130
Using 2016 as base and calculate for 2020 the following:
Determine the Laspeyres price index:
a) 149.492
Ob) 149.367
Oc) 66.949
d) 66.893
Transcribed Image Text:The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4 30 150 R 6.15 190 90 minutes R 4.60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following: Determine the Laspeyres price index: a) 149.492 Ob) 149.367 Oc) 66.949 d) 66.893
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