Price of the item was 200 in 19x4 and 220 in 10x5. compute, Ask an Expert

Accounting

Q1) Given the following contract information, compute adjusted contract price:

Contract Value	$550,000
Subject to Adjustment	20%
Base Index	125.5
Index at Delivery	132.7

Q2) Price of the item was $200 in 19X4 and $220 in 10X5. Compute simple price index for this item by using 19X4 as base year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M917837

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