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Form 4: Chapter 11 (Index Numbers) SPM Practice Fully Worked Solutions

This document provides information about price indices and index numbers for various items between the years 2000-2010. It includes the following key details: 1. Price indices are calculated for various items using the base year of 2000 and percentages are provided to show price changes from the base year. 2. Total expenses are calculated for the years 2000 and 2002 using item prices and weightages. The total expense in 2002 is RM607.50. 3. Price indices are calculated for items in years subsequent to the base year, such as 2004 and 2006, by taking the price in the subsequent year as a percentage of the price in the previous year. 4. Overall price indices for groups of items are calculated by

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62 views4 pages

Form 4: Chapter 11 (Index Numbers) SPM Practice Fully Worked Solutions

This document provides information about price indices and index numbers for various items between the years 2000-2010. It includes the following key details: 1. Price indices are calculated for various items using the base year of 2000 and percentages are provided to show price changes from the base year. 2. Total expenses are calculated for the years 2000 and 2002 using item prices and weightages. The total expense in 2002 is RM607.50. 3. Price indices are calculated for items in years subsequent to the base year, such as 2004 and 2006, by taking the price in the subsequent year as a percentage of the price in the previous year. 4. Overall price indices for groups of items are calculated by

Uploaded by

ruvenvishali
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© © All Rights Reserved
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Form 4: Chapter 11 (Index Numbers)

SPM Practice
Fully Worked Solutions
Paper 2
1
Price
Weekly
index for
expenses
Price in Price in
2002
Item
(weigh2000
2002
based on
tage, w)
2000 (I)
RMp

(c)

140

12

1680

RM2.00 RM2.30

115

28

3220

RM4.00 RM4.80

q = 120

20

2400

RM6.00 RM7.50

125

30

3750

RM2.50

110

10

1100

w
= 100

Iw
= 12 150

RMr

121.5 =

Iw

RM1.75

P2002 = RM607.50

Hence, the corresponding total monthly


expenses in the year 2002 was RM607.50.

(d)

Year 2000
Year 2002
Year 2004

Hence, I 2004 (based on the year 2000)


100 + 20
I 2002
=
100
120
121.5
=
100

+ 21.5%

+ 20%

2 (a) ii(i) For item S,


P2004
I2004 =
100
P2002

1.75
100
p
p = 1.25
140 =

1.50
100
P2002
1.50
100
P2002 =
110
P2002 = RM1.36
110 =

i(ii) For item R,


P2002
I2002 =
100
P2000
4.80
100
4.00
q = 120

q=

P2002
100
RM500

= 145.8

(a) ii(i) For item P,


P2002
I2002 =
100
P2000

P2002
I=
100
P2000

Hence, the price of item S in the year


2002 was RM1.36.

(iii) For item T,


P2002
I2002 =
100
P2000


i(ii) For item P,

It is given that:
I2002 (based on 2000) = 105
P2002

100 = 105
P2000

r
100
2.50
r = 2.75
110 =

Iw
(b) I =
w

P2000 =

12 150
100
= 121.5

39

P2002 100
1
105

3 (a) I2004 (based on 2002)


P2004
=
100
P2002


From that table, we can see that:
I2004 (based on 2002) = 115
P2004

100 = 115
P2002

For material K,
1.75
100 = 125
p=
1.40

115 P2002
P2004 =
2
100

I2004 (based on 2000)


P2004
=
100
P2000
115 P2002
100
=
100
P2002 100
105

For material M,
q
100 = 140
2
140 2
q =
100
q = 2.80

From 2

For material N,
2.40
100 = 80
r
2.40 100
r =
80
r = 3.00

From 1

115 105

100
100 100
= 120.75
Hence, the price index of item P for
the year 2004 based on the year 2000 is
120.75.
=

(b) ii(i)

(b) ii(i)

I = 110
Iw
= 110
w

(115 20) + (10x) +


(105 40) + (110 30)
= 110
20 + 10 + 40 + 30
9800 + 10x
= 110

100

9800 + 10x = 11 000
10x = 1200

x = 120
P2004

i(ii) I 2004 =
100
P2002

Material

I2004 (based
on the year
2002)

Angle of
pie chart
(degrees)

125

75

15

150

40

140

155

31

80

90

18

I 2004 (based on 2002)


Iw
=
w
(125 15) + (150 8) +
(140 31) + (80 18)
=
15 + 8 + 31 + 18
8855
=
72
= 122.99

i(ii) I 2004 (based on 2002) = 122.99


P2004

100 = 122.99
P2002

22
100
P2002
22
100
P2002 =
110
P2002 = 20.00

110 =

Hence, the price of a box of ice-cream in


the year 2002 was RM20.00.

RM9
100 = 122.99
P2002

P2002 =


40

RM9 100
122.99

= RM7.32

I 2002 + 22.99%
I 2004
(100)
(122.99)

I 2006 (based on 2002)


100 + 20
122.99
=
100
= 147.59

(c)

+ 20%

I 2006
(?)

4 (a) For component U,


I2006 = 120
P2006
100 = 120
P2004

i(ii)

h
100 = 120
50

h = 60

(b) For component S,


I2006 = 125
P2006
100 = 125
P2004

m
100 = 125
k

100m = 125k
4m = 5k 1

Component

I2006

120

40
100 = 160
25

125

44
100 = 110
40

I = 132
(120 1) + (160 3) +
(125 4) + 110p
= 132
1+3+4+p

1100 + 110p
= 132

8+p

1100 + 110p = 1056 + 132p

44 = 22p

p=2

5 (a)

P2006 = 20 + P2004

Materials

m = 20 + k 2
Substituting 2 into 1 :
4(20 + k) = 5k
80 + 4k = 5k

k = 80
From 2 :
m = 20 + 80 = 100

(c) ii(i)
I = 132
P2006
100 = 132
P2004
1716
100 = 132
P2004

P2004 = RM1300

41

Price (RM)

Price index for the


year 2007 based on the
year 2006

2006

2007

0.60

0.75

0.75 100 = 125


0.60

1.50

1.65

1.65 100 = 110


1.50

0.80

1.20

1.20 100 = 150


0.80

2.00

1.80

1.80 100 = 90
2.00

1.00

1.40

1.40 100 = 140


1.00


140
I 2005
(c) ii(i) I 2008 =
100
140
136.49
=
100
= 191.09

Iw
(b) I =
w
(125 40) + (110 90) + (150 65) +
(90 100) + (140 65)
=
360
= 118.75

(c) I 2008 (based on 2006)


100 + 15
118.75
=
100

= 136.5625

P2008
100 = 136.5625
P2006
P2008
100 = 136.5625
RM16

7 (a)

P2008 = RM21.85

6 (a) For salt,


P2005
h=
100
P2003

0.90
100
0.80
= 112.5

For food conditioner,


3.75
100 = 125
k
3.75 100
k =
125
k = 3.00

7500
100 = 120
P2006

P2006 = RM6250

(120 180) + (150 100) + (110 80)


360

= 126.11

P2008

100 = I 2008
P2006

(c)

(b)

P2008
100 = 126.11
32 000
P2008 = RM40 355.20

w
(Angle of sector)

Fish

150

200

Flour

120

135

112.5

15

125

10

I 2010 (based on 2006)

= 150.61

Ingredient

Salt
Food
conditioner

P2008
100 = 120
P2006

(b) I 2008 (based on 2006)

P2008

i(ii) I 2008 =
100
P2003
P2008
191.09 =
100
7.50
191.09 7.50
P2008 =
100

= RM14.33

120
120 = 144
100
130
I2010 for petrol =
150 = 195
100

(d) I2010 for diesel =


Iw
I=
w
(150 200) + (120 135) +
(112.5 15) + (125 10)
=
360
= 136.49

42

I2010 for gas = 110

(144 180) + (195 100) + (110 80)


360

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