From 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8. If a dozen tangerines cost $0.31 in 1960 and the

Question

3 years ago

6

price of tangerines increased at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970?

2 answers:

trasher [3.6K] · Answer 1 · 2022-02-27T10:25:40+03:00

6 0

The percent increase in the price index from 1960 to 1970 is:

% increase in price index = (38.8 – 29.6) * 100% / 29.6

% increase in price index = 31.08%

Therefore the price of a dozen tangerines in 1970 (X) is:

31.08 = (X - $0.31) * 100 / $0.31

X = $0.41

patriot [66] · Answer 2 · 2022-02-27T12:03:59+03:00

patriot [66]3 years ago

4 0

Answer: 1.45

Step-by-step explanation:

29.6=42.898

Divide 42.898 by 29.6 and that will round up to be 1.45 which is correct on apec