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Index Numbers

This document contains instructions and questions for a mathematics homework assignment on index numbers and price indices. It includes 3 questions with multiple parts about calculating price indices, composite indices, and using indices to determine costs and prices in different years for various goods that include ingredients for biscuits and cakes as well as stationery items. Students are asked to show their work and answer all questions on test pads.

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168 views

Index Numbers

This document contains instructions and questions for a mathematics homework assignment on index numbers and price indices. It includes 3 questions with multiple parts about calculating price indices, composite indices, and using indices to determine costs and prices in different years for various goods that include ingredients for biscuits and cakes as well as stationery items. Students are asked to show their work and answer all questions on test pads.

Uploaded by

norwati7624
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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NAME:_____________________________ CLASS: 414/4N

ADDITIONAL MATHEMATICS FORM 4 2014


Homework : Index Number
Due Date: 16th June 2014(Monday)

Instruction: Answer all questions on test pad.

1. Table 1 shows the prices and the price indices for the four ingredients . P, Q, R
and S, used in the making biscuits of a particular kind. Diagram 1 is a pie chart
which represents the relative amount of the ingredients P, Q, R and S, used in the
making these biscuits.

Price per kg (RM) Price index in the year 2004


Ingredient based on the year 2001
Year 2001 Year 2004
P 0.80 1.00 x
Q 2.00 y 140
R 0.40 0.60 150
S z 0.40 80
Table 1

Find the values of x, y and z.

(i) Calculate the composite index for the cost of P


Q
making these biscuits in the year 2004 based on the
120
year 2001.
60S
(ii) Hence, calculate the corresponding cost of
100
R
making these biscuits in the year 2001 if the cost in
the year 2004 was RM 2 985. Diagram 1

(c) The cost of making these biscuits is expected to


increase by 50% from the year 2004 to the year
2007. Find the expected composite index for the year
2007 based on the year 2001. [10 marks]

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2. A particular kind of cake is made by using four ingredients, P, Q, R and S. Table 2
shows the prices of the ingredients.
Ingredient Price per kilogram(RM)
Year 2004 Year 2005
P 5.00 w
Q 2.50 4.00
R x y
S 4.00 4.40
Table 2
(a) The index number of ingredient P in the year 2005 based on the year 2004 is 120.
Calculate the value of w. [2 marks]
(b) The index number of ingredient R in the year 2005 based on the year 2004 is 125.
The price per kilogram of ingredient R in the year 2005 is RM2.00 more than
its corresponding price in the year 2004. Calculate the value of x and of y. .[3 marks]
(c) The composite index for the cost of making the cake in the year 2005 based
on the year 2004 is 127.5. Calculate
(i) the price of a cake in the year 2004 if its corresponding price in the year
2005 is RM30.60.
(ii) the value of m if the quantities of ingredients P, Q, R and S used are in the ratio of
7 : 3 : m : 2. [5 marks]

3. Table 3 shows the prices, the price indices and weightages for four types of stationery
P, Q, R and S.
Price (RM) per unit Price index in the
Stationery year 2008 based on Weightages
Year 2007 Year 2008 the year 2007
P 2.80 2.10 x 4
Q 4.00 4.80 120 2
R 2.00 y 130 3
S z 5.80 116 m
Table 3
(a) Find the value of
(i) x (ii) y (iii) z [3 marks]
(b) The composite index for the price of the stationery in the year 2008 based
on the year 2007 is 108.4. Calculate the value of m. [3 marks]
(c) The total expenditure for the stationery in the year 2007 is RM525.
Calculate the corresponding total expenditure in the year 2008. [2 marks]
(d) The price index for Q in the year 2009 based on the year 2007 is 132.
Calculate the price index for Q in the year 2009 based on the year 2008. [2 marks]

~Practice Makes Perfect~MT A+

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