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estimate current cost via index

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › estimate current cost via index

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • November 28, 2015 at 8:17 pm #286022
    ahmed02
    Member
    • Topics: 17
    • Replies: 15
    • ☆

    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!!!

    November 29, 2015 at 7:55 am #286061
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51560
    • ☆☆☆☆☆

    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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