4 years ago x cost 5 per and price index of x stood 150.the same index now stand at 430.
what is the current cost per kg?
answer: 5*(430/150)
question:
1. Cant uderstand the equation!!!
Ask the Tutor ACCA MA
estimate current cost via index
You need to watch our free lectures on index numbers. I cannot type out the whole lecture here :-)
(Our lectures are a complete course for Paper F2 and cover everything you need to be able to pass the exam well.)
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