Page 294 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 294
Chapter 12
Test your understanding 9
January = 102.7/100 × $20 = $20.54
February = 105.5/100 × £20 = $21.10
March = 108.3/100 × $20 = $21.66
Test your understanding 10
C
Price index = P 1 ÷ P 0 × 100 = 1.75/1.40 × 100 = 125
Test your understanding 11
B
Group Price Weight Price
Index index ×
weight
Food & Drink 140 50 7,000
Travel & Leisure 130 30 3,900
Housing 120 20 2,400
100 13,330
Weighted price index = 13,330/100 = 133
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