Problem: R&B Beverages, Inc. provides a complete line of beer, wine and soft drink products for distrbution through retail outlets in central Iowa. Unit price data for 2003 and 2006 and quantities sold in cases for 2003 follow.
Compare a weighted aggregate index for the R&B Beverages sales in 2006, with 2003 as the base period.
| Item |
2003 Quantity |
Unit Prices |
|
|
|
2003 |
2006 |
| Beer |
35000 |
|
16.25 |
17.5 |
| Wine |
5000 |
|
64 |
100 |
| Soft Drink |
60000 |
|
7 |
8 |