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Question 4 (6 marks) The data of the Table give details of the mix, prices and standard quantities used in making up a large bag

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Question 4 (6 marks) The data of the Table give details of the mix, prices and standard quantities used in making up a large bag of tea. Components of Price ($) Standard quantity mix Year 1 Year 2 POP A 2.00 2.10 4.00 3.60 C 8.00 9. 60 3 B Required: (a) Calculate the weighted average of relatives (b) Calculate the weighted aggregate index Solutions

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