Discuss laspeyre price index for basket of items, Accounting Basics

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Discuss laspeyre price index for basket of items

Question: The price (in R) and quantity of a basket of three items for the years 2021 and 2023 are given in the table below. 2021 2021 2023 2023 ITEM PRICE (R) QUANTITY PRICE (R) QUANTITY SWEETENER (kg) 140 100 170 150 CRACKERS (BOX) 40 60 50 80 TEABAGS (BOX) 65 90 75 110 QUESTION 19 Using 2021 as the base year, the Laspeyre's price index for this basket of items is: A. 120.22% B. 119.78% C. 122.87% D. 141.12%

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Accounting Basics: Discuss laspeyre price index for basket of items

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