Question

3. A department store sells stereo systems. television sets and radios. The percentage distributor of
the total sales volume (in) is estimated as 30 per cent stereos. 50 per cent televisions and 20 per cent
radios. The price of one stereo. one television and one radio in 2010 was 20,000 ,15.000 and 500
respectively while their respective prices in 2015 were 25.000, 20.000 and 800.
A weighted price index for 2015 with base 2010 is to be computed
(i) Which index number formula is appropriate, why?
(ii) Compute the index.
for 15. the hapis on from the date prvelo​

Answer 1

Explanation:

— The percentage distribution of the total sales volume (in Rs) is estimated as 30% stereos, 50% televisions and 20% radios