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R&B Beverages, Inc., provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data
R&B Beverages, Inc., provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow.
Item2011 quantity (cases) Unit price
20112014
Beer35,00017.5020.15
Wine5,000100.00118.00
Soft drink60,0008.008.80
Compute a weighted aggregate index for the R&B Beverage Sales in 2014, with 2011 as the base period.
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