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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
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. 2020 2021 Types Price index for the Price per Quantity Price per Quantity year 2021 based on unit (RM) ('000) unit (RM) ('ooo) the year 2020 (%) Baby Bullet Steamer m 15 100 10 125 Baby Bottle Sterilize & 180 35 230 20 In Dryer Baby Formula Milk Maker 110 25 1 10 45 100 Baby Food 230 5 112.2 Maker 205 5 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)
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