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The data given in the table below shows the prices and quantities of school uniform (shirts, pants and school shoes) in South Africa between 2019
The data given in the table below shows the prices and quantities of school uniform (shirts, pants and school shoes) in South Africa between 2019 and 2020. Prices (Rs) Quantities sold ('000 unit) School uniform 2019 2020 2019 2020 Shirts 69 79 20 15 Pants 299 302 16 18 School shoes 459 399 24 32 Calculate the composite quantity index for 2020 and use 2019 as the base year using a Paasche weighted aggregate method and interpret your
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