The table below shows the sales (£000s) of three different products (A, B, C) of the MSM company in the years 2019 and 2020. A10. Question A10 continues next page 6.

The table below shows the sales (£000s) of three different products (A, B, C) of the<br>MSM company in the years 2019 and 2020.<br>A10.<br>Question A10 continues next page<br>6.<br>

Extracted text: The table below shows the sales (£000s) of three different products (A, B, C) of the MSM company in the years 2019 and 2020. A10. Question A10 continues next page 6.

Products of the<br>Sales (£000s)<br>MSM company<br>2019<br>2020<br>379<br>468<br>765<br>908<br>C<br>473<br>578<br>Calculate the Simple Mean Price Index (SMPI) for the year 2020 using 2019<br>as a base year. Your workings should be clearly shown using three decimal<br>places and the final answer should be accurate to one decimal place.<br>(а)<br>(b)<br>Interpret the above Simple Mean Price Index in relation to the given problem.<br>P<br>Σ<br>P.<br>Simple Mean Price Index (SMPI)<br>x 100<br>

Extracted text: Products of the Sales (£000s) MSM company 2019 2020 379 468 765 908 C 473 578 Calculate the Simple Mean Price Index (SMPI) for the year 2020 using 2019 as a base year. Your workings should be clearly shown using three decimal places and the final answer should be accurate to one decimal place. (а) (b) Interpret the above Simple Mean Price Index in relation to the given problem. P Σ P. Simple Mean Price Index (SMPI) x 100

Jun 01, 2022

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The table below shows the sales (£000s) of three different products (A, B, C) of the MSM company in the years 2019 and 2020. A10. Question A10 continues next page 6.

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