amir gupta’s car showroom is giving special offer on one model. their advertised price for this model is four consecutive quarters was $10450 , $10800, $11450, and $9999. use the fourth quarters as a base period. calculate the price index and percentage point rise between each quarters

Answer:Step-by-step explanation:S.NO    QUATERS       PRICE ($)                 PRICE RELATIVES                                                            [tex]I = \frac{q_i}{q_4} *100[/tex] 1                 q_1               10450                           104.51 2                q_2               10800                           108.01 3                 q_3               11450                            114.51 4                 q_2                9999                           100.00Price Index is given as [tex]= \frac{\sum I}{n}[/tex]                             [tex] = \frac{104.51+108.01+114.51+100}{4}[/tex]                                        = 106.75b) percentage point rise[tex]for q_1 = \frac{q_2 -q_1}{q_1}*100[/tex]           [tex]= \frac{108.01-104.51}{104.51}[/tex]           = 3.34%[tex]for q_2 = \frac{q_3 -q_2}{q_2}[/tex]       [tex]= \frac{114.51-108.01}{108.01} *100[/tex]           = 6.01%[tex]for q_3 = \frac{q_4 -q_3}{q_3}[/tex]          [tex]= \frac{100-114.51}{114.51} *100[/tex]           = 12.67%