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3 years ago

A raincoat costs $79.25 today. If a similar raincoat cost $52.48 in 1983, what is the CPI? a. 166 b. 151 c. 132 d. 127

Mathematics

2 answers:

Ugo [173]3 years ago

8 0

Answer:

Option b. 151

Step-by-step explanation:

A raincoat costs $79.25 today. If a similar raincoat cost $52.48 in 1983 then we have to calculate the the CPI in 1983.

Since formula to calculate CPI will be

CPI = (Price of raincoat today/Price of raincoat in 1983)×100

CPI = 79.25×100/52.48 = 151

Therefore option b. CPI = 151 is the answer.

tamaranim1 [39]3 years ago

4 0

B. You divide 79.25/52.48 and get 1.51, which translates to 151 percent.

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