Problem regarding the models of tennis shoes

Reference no: EM13990255

A sports equipment company sells three models of tennis shoes (Trainer, Balance and Dura). Company records for 2009 and 2010 show the unit price and quantities sold of each model of tennis shoe. See the table below.

The company's financial plan requires that sales volumes (i.e. quantities sold) of all models of tennis shoes must show an increase of at least 12% per annum.

Shoemodel	2009		2010
Shoemodel	Unit price (R)	Pairssold	Unit price (R)	Pairssold
Trainer	320	96	342	110
Balance	445	135	415	162
Dura	562	54	595	48

(a) Calculate quantity relatives for each of the three models of tennis shoes. Which model showed the smallest increase in sales volumes?

(b) Calculate a Laspeyres composite quantity index for 2010, using 2009 as the base period.

Reference no: EM13990255

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