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A company usually buys white and brown sugar. The quantities that were bought in 2000, 2001 and 2002 are shown below. Year 2000 2001 2002
A company usually buys white and brown sugar. The quantities that were bought in 2000, 2001 and 2002 are shown below.
Year | 2000 | 2001 | 2002 |
Brown | 105 | 113 | 125 |
White | 109 | 119 | 121 |
The prices ($) per 100kg in 2000, 2001 and 2002 are shown below.
Year | 2000 | 2001 | 2002 |
Brown | 62 | 73 | 77 |
White | 69 | 73 | 83 |
(base year is 2000). Calculate the Paasche index for 2002 and give your answer in 2 d.p.
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