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Price Comparison Analysis for Shop Items

This document presents a project work on additional mathematics by Maziahtul Asmah Bt Mohamad Razali, focusing on price comparisons of various items across three shops. It includes data analysis, graphical representations, and conclusions about shopping preferences based on price differences. Additionally, it discusses budget estimations for a carnival and the importance of stock and property indices.

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0% found this document useful (0 votes)
7 views12 pages

Price Comparison Analysis for Shop Items

This document presents a project work on additional mathematics by Maziahtul Asmah Bt Mohamad Razali, focusing on price comparisons of various items across three shops. It includes data analysis, graphical representations, and conclusions about shopping preferences based on price differences. Additionally, it discusses budget estimations for a carnival and the importance of stock and property indices.

Uploaded by

cikguwan244345
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

SEK. MEN. KEBANGSAAN BUYONG ADIL TAPAH, PERAK.

ADDITIONAL
MATHEMATICS
PROJECT WORK 4

NAME : MAZIAHTUL ASMAH BT MOHAMAD


RAZALI
NO. I/C : 930721-08-6416
CLASS : 5Y
TEACHER : CIK NUR ALIFAHTUL WAHIDAH
BT MUSA

6/18/2010
PART 1

b)
Category Item Price (RM)

Shop A Shop B Shop C


1. Self- 1.13 1.17 1.15
Raising
Food Flour
2. Sugar 0.50 0.45 0.45
3. Butter 4.20 3.90 3.80
4. Eggs (Grade 1.80 1.60 1.50
A)
Total price 7.63 7.12 6.90

1. Fab 10.90 8.99 9.90


Detergent
2. Attack 10.90 10.00 9.90
3. Ajax 8.99 5.80 5.90
4. Boom 7.49 9.80 9.90
Total price 38.28 34.59 35.60

1. Pencil 0.60 0.80 1.00


Stationary
2. Eraser 1.00 0.50 0.30
3. Pen 2.00 3.50 2.50
4. Pencil 13.99 5.90 3.20
colour
Total price 17.59 10.70 7.00

Grand total 63.50 52.41 49.50


c)

The graphical representation 1


c)
The graphical representation 2
d) From the graphical representations that I have constructed in part 1 :

Interpret Data

1. The price in shop C is the cheapest among the other shop.

2. The price in shop A is most expensive than shop B and shop C.

3. The price of same item is different between different shop.

Discussion

1. Price of all item in shop C is better than the other shop.

2. Price of detergent for all shop are in average price.

Coclusions

1. Many people will buy anythings in shop C because of the cheap price.

2. A few people buy things in shop A and shop B.

e) An item that has large price difference among the shops is colour
pencil in shop A.

Mean of colour pencil:

13.99 + 5.90 +3.20

= 23.09

=7.70

Standard deviation of colour pencil:

Variance ∂ : ∑fx _ (x )
∑f

= 13.99 (1) + 5.90 (1) + 3.20 (1) _ (7.70 )

= 240.7701 _ ( 7.70)

= 20.9667

Standard deviation ∂ : √ 20.9667

=4.579

Resons for the price difference:

1. The position of the shop.

2. The brand of the item.

3. The quality of the item.

4. The promotion of particular item.

PART 2
a) I would like to choose shop C because :

1. The shop situated in the vicinity of my school.

2. The price is the cheapest among the other shop.

3. The quality of the item in this shop is very high.

b)
Ingredient
Price in the year Price in the
Quantity of the 2009 (RM) year 2010
cake (RM)
Self –raising flour 0.90 1.15
250 g
Sugar 0.35 0.45
200 g
Butter 3.30 3.80
250 g
Eggs (Grade A) 1.25 1.50
5 eggs (300 g)

.
1. TThe price index for each of the ingredients in table 2 for the year 2010
based on the year 2009.

• Self – raising flour :

1.15 × 100 = 127.78

0.90

• Sugar :

0.45 ×100 = 128.57

0.35

• Butter:

3.80 × 100 = 115.15

3.30

• Eggs (Grade A):

1.50 × 100 = 120

1.25

2.

Item Weightage Price index Weightage ×


price index
Self- raising 250 g 127.78 31945
flour
Sugar 200 g 128.57 25714
Butter 250 g 115.15 28787.5
Eggs 300 g 120 36000
(Grade A)
∑W = 1000 g ∑WĪ = 122446.5

Composite index :

• Ī = ∑W Ī

∑W

Ī = 122446.5

1000

= 122.45

3. Suitable selling price for butter cake in the year 2010 :

The resons about the price :

c)

I. How to determine suitable capacity of air conditioner to be


installed based on volume/size of a room.

II. The estimate volume of school library:

The number of air conditioners with the appropriate capacity


required for my school library:
III. The butter cakes must our class sell in order to buy the air
conditioner:

PART 3

a)

Expenditure Amount in 2009 Amount in 2010


(RM) (RM)
Food 1200.00 1380.00
Games 500.00 500.00
Transportation 300.00 345.00
Decorations 200.00 200.00
Prizes 600.00 600.00
Tents 800.00 920.00
miscellaneous 400.00 520.00

b) The composite index for estimate budget of the carnival in the year
2010 based on the year 2009 :

Expenditure Price index


Food 115
Games 100
Transportation 115
Decorations 100
Prizes 100
Tents 115
miscellaneous 130

• Ī = ∑W Ī

∑W

Ī =
115(1200)+100(500)+115(300)+100(200)+100(600)+11
5(800)+130(400)

4000

= 446500
4000

= 111.625

c) The composite index of budget for the year 2011 based on the year
2009:

• Ī = ∑W Ī

∑W

Ī =
115(1380)+100(500)+115(345)+100(200)+100(600)+11
5(920)+130(520)

4000

= 501775

4000

= 125.444

PENEROKAAN LANJUTAN

Kegunaan indeks bursa saham:

1. Sebagai kayu pengukur atau penggerak harga dan jumlah urus niaga
saham di BSKL.

2. Panduan menentukan arah aliran secara purata bagi setiap hari


dagangan.

Kegunaan indeks hartanah:

1. Sumber rujukan bagi penghasilan produk derivatif hartanah yang


dapat meluaskan lagi produk kewangan yang ditawarkan di Negara ini.

2. Kayu pengukur untuk menjejaki pegerakan harga hartanah setempat.

kepentingan indeks bursa saham:

1. Memenuhi keperluan ekonomi kerana sebelumnya tiada indeks khusus


yang mewakili pasaran secara menyeluruh.

2. Melancarkan pengurusan di bursa saham.

Kepentingan indeks hartanah:


1. Memudahkan analisis trend harga dan membantu para pelabur
membuat keputusan dengan lebih bijak.

2. Berpotensi digunakan untuk pengurusan risiko menerusi


pembangunan produk seperti hartanah.

Common questions

Powered by AI

Promotional strategies, such as discounts or bundled offers, can temporarily reduce prices to attract more customers. These can lead to noticeable price variability as shops attempt to outcompete each other on price perception and result in different consumer choices .

Graphical representations can provide a visual comparison of prices across different shops, helping consumers quickly identify the cheaper options. This can influence them to choose the shop with the overall lowest prices, such as Shop C in the study, which is deemed the cheapest .

The position of a shop can influence consumer traffic and real estate costs, affecting pricing strategies. Shops in premium locations may charge higher prices to cover operational costs, while those in less accessible areas might use lower pricing to attract customers .

Weighting in a composite index accounts for the quantity or significance of each component relative to the whole. It ensures the index accurately reflects changes by giving proportionate importance to different items. In the study, weighting reflected the actual cost impact of each ingredient .

Consumers may prefer a particular shop due to factors like lower prices, perceived better quality, or past shopping experience, even if the location is not optimal. In the study, Shop C was preferred due to its cheaper pricing despite potential location drawbacks .

The composite price index for 2010 was higher at 122.45 compared to the base year's index, indicating an overall price increase for cake ingredients. This directly influences the selling price of butter cake, reflecting the cost increase in production .

The main factors contributing to price differences of similar items across different shops include the position of the shop, the brand of the item, the quality of the item, and ongoing promotions for specific products .

Brands can significantly affect retail prices as they may add value perceived by customers, enabling retailers to charge more. In the study, different brands across shops contributed to the varying prices of similar items .

The price indices for cake ingredients increased from 2009 to 2010, leading to higher costs for items such as self-raising flour and sugar. This increase signifies the influence of inflation on ingredient costs, subsequently affecting the selling price of butter cakes .

A composite index is calculated by summing the product of individual price indices and their respective weightages, then dividing by the total weightage. For example, the composite index for cake ingredients in 2010 was calculated as 122446.5 divided by 1000, resulting in 122.45. This signifies the overall price level change compared to a base year .

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