Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table. What is the value index?
A)112.70
B)179.08
C)111.97
D)109.36

Question

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table.  What is the value index?
A)112.70 
B)179.08 
C)111.97 
D)109.36

Quizplus · Accepted Answer

The value index can be calculated by dividing the total value of the fruits in 2009 by their total value in 2005, and then multiplying by 100. So, (57.2+30.8+62.8)/(22.6+34.6+36.8) * 100 = 179.08. This means that the total value of the selected fruits increased by 179.08% from 2005 to 2009.

Data for Selected Fruits Purchased at Wholesale Prices for 2005