Solution-What was the simple and weighted average price

What was the simple and weighted average price increase

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Question - A group of consumers spends 30% of its disposable income on food, 20% on clothing and 50% on rent. If over the course of the year the price of food rose 10%, the price of clothing dropped 5% and rent rose 15%, what was the simple and weighted average price increase experienced by the consumers?

Reference no: EM133087808

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What was the simple and weighted average price increase

Reference no: EM133087808

Reference no: EM133087808

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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