Q4

QUESTION 4 Bumbunchak Company produces and sells four different types of baby appliances. The prices and quantities in 2020 and 2021 are shown in table below. Price index for the Price per Quantity Price per year 2021 based on unit (RM) the year 2020 (\"56) Baby Bullet "n w Baby Bottle Sterilize 8: 35 230 20 Dryer Baby Formula Milk Maker 110 25 110 45 100 Baby Food Maker 205 5 230 5 112.2 a) Calculate the value of m and n. (4 marks) b) Calculate the simple average relative price index in 2021. (3 marks) c) Calculate the Laspeyres price index in 2021. Explain the meaning of the value obtained. (4 marks) d) Calculate the Paasche quantity index in 2021. Explain the meaning of the value obtained. (4 marks)