Index calculation
SilvaAat
Registered Posts: 2
Can anyone help with how the index is calculated for January and March for the attached? Thank you.
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Comments
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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
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Thank you0
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@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......1
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