Question
Calculations CPI given the following:
Weighted price in the current year = K50
Weighted price in the base year = K40
Base year index = K100
Weighted price in the current year = K50
Weighted price in the base year = K40
Base year index = K100
Answers
Answer
Are you sure it's not 25%?
Answer
Use the formula (Weighted price in current year)÷(Weighted price in base year) × (100/1)
Answer
Aren't we supposed to minus 100 from 125.
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