The prices of 3 products for the years 2010 and the number of units sold in 2010, as well as prices for 2015 are shown below.
Product
Unit Price ($) in 2010
Units Sold (2010)
Unit Price ($) in 2015
A
10.00
1000
11.00
B
8.00
800
10.00
C
7.00
400
9.00
Compute a weighted aggregate price index (Laspeyres index) for 2015 with 2010 as the base period.
What will be an ideal response?
117.71
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