Computing simple price index for item


Q1) Given the following contract information, compute adjusted contract price:

Contract Value $550,000
Subject to Adjustment 20%
Base Index 125.5
Index at Delivery 132.7

Q2) Price of the item was $200 in 19X4 and $220 in 10X5. Compute simple price index for this item by using 19X4 as base year.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Computing simple price index for item
Reference No:- TGS017837

Expected delivery within 24 Hours