Question
The owner of a supermarket in Bankstown recorded the price for its three most popular items for the years 2016 and 2017, as shown below.
The owner of a supermarket in Bankstown recorded the price for its three most popular items for the years 2016 and 2017, as shown below.
| 2016 Price($) | 2017 Price($) | |
| Coke (2L Bottle) | 2.10 | 2.40 |
| Bread (Loaf) | 2.58 | 2.75 |
| Milk (2L Bottle) | 2.16 | 2.30 |
Calculate a simple aggregate price index for 2017, taking 2016 as the base year.
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Beginning & Intermediate Algebra (Subscription)
Authors: Elayn Martin Gay
6th Edition
0134305124, 9780134305127
