Company X sells 12,000 widgets in 2010 and 12,600 widgets in 2011.
(a) Calculate the quantity relative for widgets for Company A for 2011 with 2010 as the base year.
Company Y also sells widgets. Company Y sells widgets at £3.60 in 2010 and at £4.14 in 2011.
(b) Calculate the price relative for widgets for Company Y for 2011 with 2010 as the base year.