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Find the index of the value of goods produced for April

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Reference no: EM133117876

Question - The Johnson Wholesale Company manufactures a variety of products. The prices and quantities produced for April 2001 and April 2011 are:

Product

2001 Price ($)

2011 Quantity Produced

2001 Price ($)

2011 Quantity Produced

Small motor (each)

$23.60

1760

$28.80

4259

Scrubbing compound (litre)

2.96

86,450

3.08

62,949

Nails (pound)

0.40

9460

0.48

22,370

Using April 2001 as the base period, find the index of the value of goods produced for April 2011.

Reference no: EM133117876

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