Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


& another for FP experts

stuartanderstuartander Feels At HomeRegistered Posts: 82
Anther question from aat practice exam:

3.
The cost per unit of a product has increased from £36 in January to £40 in April. The cost per unit was £35 when the index was rebased to 100.

A The cost index in April was 114 and the increase from January to April is 11.11%
B The cost index in April was 111 and the increase from January to April is 11.11%
C The cost index in April is 114 and the increase from January to April is 10%
D The cost index in April is 111 and the increase from January to April is 10%


AAT's answer booklet thinks its A, but i think its C....

hOW I GOT MINE ANSWER...

(40-36)/40*100 = 10%
40/35*100 = 114 (rounded).

Whats your thoughts!!!! comfused.com is mine

Comments

  • RinskeRinske Font Of All Knowledge Registered Posts: 2,453
    You based the price increase of 10% based on the new price, but a price increase is generally calculated on the old price.

    So you did it all correct, but instead of dividing by 40 you would divide it by 36 instead.
Sign In or Register to comment.