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Arisa [49]
4 years ago
11

2009 2010

Business
1 answer:
Blizzard [7]4 years ago
6 0
To find the inflation rate of prom you want to start by adding the costs of each expense together under its respective year:

2009:
Limo = $180
Dress = $270
Total = $450

2019:
Limo = $216
Dress = $324
Total = $540

Next, find the consumer price increase/inflation. To do this we will take the increase of price from 2009 to 2010 and divide by the price in 2009.
2010 total: $540 - $450 (2009 total) = $90

$90/$450= 0.2 to find the percentage of inflation multiply by 100
(.02)(100)= 20%

The rate of prom inflation is 20%.
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