The widget industry maintains a price index for a standard, Ask an Expert

Management Studies

The widget industry maintains a price index for a standard collection of widgets. The base year was 1997 until 2007, when the index was recomputed with 2007 as the base year. The following data concerning prices for the years 2005 to 2008 are available:

Year	Price Index 1997 Base	Price Index 2007 Base
2005	125	N/A
2006	127	N/A
2007	130	100
2008	N/A	110

What was the percentage increase in prices of widgets between 2005 and 2008?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92184570

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