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QUESTION SIX The following table relates to prices and quantities of three fuels over two...

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Accounting

QUESTION SIX
The following table relates to prices and quantities of three fuels over two years:
\table[[FUEL,2017,2018,],[PRICE,QUANTITY,PRICE,QUANTITY],[Unleaded Petrol,17,100,19,80],[Low sulphur Diesel,18,150,15,120],[Ordinary Diesel,15,180,17,150],[Jet fuel,25,250,28,200]]
Take 2017 as the base year
Calculate the following:
(i) Aggregate Price Index.
(4 marks)
(ii) Average Price Relative (4 marks)
(iii) Weighted Average Price Relative using 2017 Quantities as base quantities
(4 marks)
(iv) A Laspeyre's price index.
(4 marks)
(v) A Paasche's price index.
(4 marks)
[Total: 20 marks]
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