Answer:
Explanation:
Old prices are $23, 43, 56
New prices $23, 41, 58
Shares 350,000; 405,000; 553,000
Multiply Old prices by Shares:
23*350,000 = 8,050,000
43*405,000= 17,415,000
46*553,000= 30,968,000
In total = 56,433,000
Multiply New prices by Shares:
23*350,000 = 8,050,000
41*405,000 = 16,605,000
58*553,000 = 32,074,000
In total = 56,729,000
New index value = 970*56,729,000/56,433,000 = 975
