The average price of an electric car in 2010 was $75,000 and the average price of an
Question:
The average price of an electric car in 2010 was $75,000 and the average price of an electric car in 2016 was $52,000.
a. Calculate the index number for the price an electric car in 2016 using 2010 as the base year.
b. Calculate the percent change in the price of an electric car from 2010 to 2016.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
2+ Reviews
10+ Question Solved
Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted:
