Assume that the year 2000 is used as the index base period and that sales were 12 million in the year 2000. If sales were 18 million in the year 2006, the simple index number for the year 2006 is:
A) 1.5
B) 6 million
C) 150
D) 0.666

Question

Quizplus · Accepted Answer

The simple index number is calculated by dividing the sales in 2006 by the sales in the base year (2000) and then multiplying by 100. So, (18 million / 12 million) * 100 = 150.

Assume That the Year 2000 Is Used as the Index