1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anestetic [448]
3 years ago
6

QUESTION 25

Business
1 answer:
Ipatiy [6.2K]3 years ago
5 0

Answer:

160

Explanation:

Given: CPI basket contain 400 oranges and 800 pens.

          In the base year, price of oranges is $1 and pen is $0.75.

          This year urban customer buy oranges at $2 each and pens at $1 each.

To find consumer price index (CPI), we need to check price of basket in current year and base year.

∴ Current year´s price for 400 oranges and 800 pens = 400\times 2= \$ 800\\800\times 1= \$ 800

Now, adding the price to get cost of basket

Cost of basket in current year= 800+800= \$ 1600

Base year´s price for 400 oranges and 800 pens= 400\times 1= \$ 400\\800\times 0.75= \$ 600

Cost of basket in base year= 400+600 = \$ 1000

Next, calculating the CPI of this year

Formula; CPI= \frac{\textrm{ Cost of basket in current year}}{\textrm{ cost of basket in the base year}} \times 100

CPI for the year = \frac{1600}{1000} \times 100 = 160

∴ Consumer price index (CPI) = 160.

You might be interested in
"Tom, at Bode Corporation we align our individual goals with the company's goals.
stellarik [79]

Answer:

quantitative management , management by objective , time-and-motion studies

Explanation:

All to manage stress by yourself................................................................................................................................................................................................

4 0
3 years ago
Read 2 more answers
Strolovitch has found that african american organizations are likely to
jeka57 [31]
<span>She found that African American organizations are likely to participate in marginalization, focusing on the needs of the more able, healthier, or wealthier members of the group they are supporting over those of the lowest rungs. This is evidenced in their lack of early action during the HIV/AIDs crisis.</span>
6 0
3 years ago
Read 2 more answers
Which statement best explains why this passage is an effective use of rhetoric?
erma4kov [3.2K]

Answer:B

Explanation:

6 0
3 years ago
Read 2 more answers
Which of these is an example of an entrepreneur?
Lubov Fominskaja [6]
Option A. Jessie has the idea for a new phone app so he spend his money to set up a business
8 0
2 years ago
Assist marketing objectives and help a company reach its goals.
Alex17521 [72]

Answer:

Marketing Strategies

Explanation:

edge

4 0
2 years ago
Other questions:
  • A product's demand over (l + 1) "periods is normally distributed with a mean" of 100 and standard deviation of 10. Lead time is
    8·1 answer
  • You have £100. A friend of yours wants to exchange C$175 for your £100. What will be your profit or loss if you accept your frie
    12·1 answer
  • Suppose price is initially $20, but then decreases to $15. The absolute value of the percentage change in price (using the midpo
    11·2 answers
  • Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the
    13·1 answer
  • An advertising agency receives _____ percent of the client's media expenditures
    8·1 answer
  • a. If the interest rate on Treasury bills is 5% and the expected return on the market portfolio is 15%, what is the expected ret
    14·1 answer
  • bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i
    7·1 answer
  • Why do you think Artificial Intelligence does not work for every face?
    6·1 answer
  • A policy is a specific action to be taken or not to be taken with respect to situation.
    7·2 answers
  • Mcdonald’s will recognize a gain if it generates an amount of revenue that is higher than its operating expenses. This statement
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!