Question: The average prices for four items over four years are as follows. A company annually bought 400, 300, 800 and 200 units of each item

The average prices for four items over four years are as follows.

A company annually bought 400, 300, 800 and 200 units of each item respectively. Calculate weighted price indices for years 2 to 4, taking year 1 as the baseyear.

ltem Year 1 Year 2 Year 3 Year 4 25 56 20 110 26 61 25 115 30 67 30 130 32 74 36 150

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