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Index calculation

Can anyone help with how the index is calculated for January and March for the attached? Thank you.

Comments

  • fedemennifedemenni MAAT, AATQB Posts: 94
    logically this would be my answer: calculate the cost of each item first for each month then do the indexes:

    J: 64,500/5000 = £12.9
    F: 71500/5500= £14.30
    M: 92,050/7000 = £13.15

    14.30 = 260
    14.30:260=12.90:x
    x = 12.90x260/14.30 = 234
    etc

  • SilvaAatSilvaAat Registered Posts: 2
    Thank you
  • fedemennifedemenni MAAT, AATQB Posts: 94
    SilvaAat said:

    Thank you

    where did you get that numbers from? 258 and 263?
  • Dimps92Dimps92 Registered Posts: 17
    @SilvaAat

    64500/5000 = 12.90
    71500/550 = 13
    92050/7000 = 13.15

    12.90/13*260=258
    13.15/13*260=263

    @fedemenni those answers are given as the solution in the Osbourne quiz.....but they don't actually tell you how they got the answers......
    fedemenni
  • fedemennifedemenni MAAT, AATQB Posts: 94
    ok, I actually did the calculation correct but the result was incorrect - i think i just entered the wrong amounts on the calculator @Dimps92
    Dimps92
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