Index number

1. Table shows the price indices and percentage of usage of four items, P, Q, R and S, which are the main ingredients in the production of a type of cake. Price index for the year 2006 based on the year 2004 125 x 135 130 Percentage of usage 30 10 40 20

Item P Q R S (a) Calculate (i) (ii)

the price of R in the year 2004 if its price in the year 2006 is RM59.40. the price index of P in the year 2006 based on the year 2002 if its price index in the year 2004 based on the year 2002 is 120.

(b)

The composite index of the cost of the cake production for the year 2006 based on the year 2004 is 128. Calculate (i) (ii) the value of x, the price of a box of cake in the year 2006 if the corresponding price in the year 2004 is RM48

INDEX NUMBER 2.

FORM 4

Table shows the prices and the price indices with the weightage for three components, K, L and M respectively. Price Component K L M 2005 126.00 y 117.50 2007 144.90 135.50 z Price index for the year 2007 based on the year 2005 x 125 130 Weightage 5 6 4

(a) Find the value of x, y and z (b) Calculate the composite index for all the components in 2007 based on the year 2005. (c) The three components are used to make S, S is sold at the price RM515 in the year 2005, find the selling price of S in the year 2007. (d) The cost of making S is expected to increase by 65% from the year 2007 to the year 2010. Find the expected composite index for the year 2010 based on the year 2005.

3.

Table shows the price indices and weightage of usage of four items A, B, C and D, which are the main ingredients in the production of a type of biscuits.

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INDEX NUMBER

FORM 4

Item A B C D (a) Calculate

Price Index for the year 2008 based on the year 2005 185 130 x 210

Weightage 3 4 5 2

(i) the price of B in the year 2005 if its price in the year 2008 is RM34.45 (ii) the price index of A in the year 2008 based on the year 2003 if its price index in the year 2005 based on the year 2003 is 125. (b) The composite index of the cost of cake production for the year 2008 based on the year 2005 is 131. Calculate (i) the value of x, (ii) the price of a biscuits in the year 2005 if the corresponding price in the year 2008 is RM45.65.

4.

A company sells 3 types of goods that is A, B and C. Table shows the price and price indices for the 3 types of goods. Goods Price (RM) Price (RM) Price indices

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INDEX NUMBER Year 2003 8.50 y 6.50 Year 2007 10.20 7.15 z

FORM 4

A B C

(Base year 2003) x 130 140

(a) Determine the value of x, y and z. (b) Given the good A, B and C sold are in the ratio of 3 : 2 : h. Calculate (i) the value of h if the composite index for the 3 types of goods for the year 2007 based on the year 2003 is 132. (ii) The total collection in the year 2007 if the amount collected in the year 2003 is RM17 500. (c) Given the price index of A in the year 2008 based on the year 2007 is 135. Calculate the price index for A in the year 2008 based on the year 2003.

5.

(a) The bar graph shows the selling price for three kinds of goods in the year 2004 and 2007.

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INDEX NUMBER Price (RM) 50 40 30 20 10 0 X Y Year 2004 Z Year 2007 Goods

FORM 4

By using the year 2004 as the base year, calculate (i) the price indices for each goods, (ii) the composite index for the year 2007. (b) Table shows the price indices and the weight for four electrical appliances for the year 2008 based on the year 2001. Given that the number of composite index for the year 2008 is 108.5. Goods Television Washing Machine Microwave Refrigerator Calculate (i) the value of m, (ii) the price for a Microwave in the year 2008 if its price in the year 2001 was RM420. Price Indices 105 125 90 140 Weight 2 3 2h 1

END OF MODULE

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INDEX NUMBER

FORM 4

MODULE 10 - ANSWERS TOPIC : INDEX NUMBER

PAPER 2
1. (a) (i) 59.40 100 = 135 P04 P04 = RM 44 I06 / 02 100 = I06 / 04 I04 / 02 I06 / 02 = (b) (i) 125 120 100 = 150

(ii)

128 =

(ii)

125(30) + x (10) + 135(40) + 130(20) 30 + 10 + 40 + 20 x = 105 P06 100 = 128 48 P04 = RM 61.44

2.

(a)

I=

P07 100 P05

(b)

(c)

(d)

3.

(a)

x = 115 y = RM108.40 z = RM152.75 * 115(5) + 125(6) + 130(4) I= 5+6+4 = 123 123 = 515 100 = 633.45 165 I = 123 100 = 202.95 (i) RM 34.45 100 = 130 PL (ii) PL = RM 26.50 P08 P P 100 = 08 05 100 P03 P05 P03 P08 / 03 100 = P08 / 03 185 125 100 100 100 = 231.25

(b)

(i)

I=

185(3) + 130(4) + x(5) + 210(2) = 131 3+4+5+2 x = 94

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INDEX NUMBER (ii) RM 45.65 100 = 131 P05 P05 = RM 34.85 4. (a) I= P05 100 P00

FORM 4

(b)

x = 120 y = 5.50 z = 9.10 (i) I W I 05 / 00 = i i Wi 120(3) + 130(2) + 140( h ) 3+2+5 h=5 132 P = 100 17 500 P = RM 23100 135 = 120 100 = 162 x = 100 y = 75 z = 250 I W I 06 / 00 = i i Wi 132 = 100(30) + 75(40) + 250(20) 30 + 40 + 20 = 122.22 I W I 03 / 98 = i i Wi = 105(2) + 125(3) + 90(2h ) + 140(1) 2 + 3 + 2h + 1 725 + 90h 108.5 = 6 + 2h h=2 P03 100 = 90 420 P03 = RM 378 108.5 =

(ii)

(c)

P06 / 00 (i)

5.

(a)

(ii)

(b)

(i)

(ii)

END OF MODULE 10

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