Wines of South Africa provide a complete range of white wines, red wines and dessert wines. The table below gives the quantity sold as well as the price for 2010 and 2014. Use 2010 as the base year. Calculate the Laspeyres price index of Wines of South Africa. Round off to two decimals. 2010 2014 Wine Type Quantity Sold Price (in R) Quantity Sold Price (in R) Red 500 R30 400 R70 White 2500 R20 4000 R15 Dessert 2000 R50 1000 R60 O A. 86.06% D B. 76.88% DC. 104.23% D D. 116.67%
Wines of South Africa provide a complete range of white wines, red wines and dessert wines. The table below gives the quantity sold as well as the price for 2010 and 2014. Use 2010 as the base year. Calculate the Laspeyres price index of Wines of South Africa. Round off to two decimals. 2010 2014 Wine Type Quantity Sold Price (in R) Quantity Sold Price (in R) Red 500 R30 400 R70 White 2500 R20 4000 R15 Dessert 2000 R50 1000 R60 O A. 86.06% D B. 76.88% DC. 104.23% D D. 116.67%
MATLAB: An Introduction with Applications
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![Wines of South Africa provide a complete range of white wines, red wines and dessert wines. The table below gives the quantity sold as well as the price for 2010 and 2014. Use 2010 as the base year. Calculate the
Laspeyres price index of Wines of South Africa. Round off to two decimals.
2010
2014
Wine Type
Quantity Sold
Price (in R)
Quantity Sold
Price (in R)
Red
500
R30
400
R70
White
2500
R20
4000
R15
Dessert
2000
R50
1000
R60
O A. 86.06%
O B. 76.88%
O C. 104.23%
O D. 116.67%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e2616ca-e5f6-409e-8821-54dcdb505cdc%2F6060046f-3cdc-47b0-89ab-1cbcbe838998%2Fueua6kn_processed.png&w=3840&q=75)
Transcribed Image Text:Wines of South Africa provide a complete range of white wines, red wines and dessert wines. The table below gives the quantity sold as well as the price for 2010 and 2014. Use 2010 as the base year. Calculate the
Laspeyres price index of Wines of South Africa. Round off to two decimals.
2010
2014
Wine Type
Quantity Sold
Price (in R)
Quantity Sold
Price (in R)
Red
500
R30
400
R70
White
2500
R20
4000
R15
Dessert
2000
R50
1000
R60
O A. 86.06%
O B. 76.88%
O C. 104.23%
O D. 116.67%
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