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Sloan [31]
3 years ago
11

Last year you paid $24 for a round of golf and $12 to rent a golf cart. This year it cost you $33 to golf and $15 to rent a cart

. Based on this simple basket of goods, calculate a price index for this year using last year as the base year. Round up to the nearest whole number.
Business
1 answer:
adelina 88 [10]3 years ago
8 0

Answer:

$133.33

Explanation:

In the above , the base price which is meant to the the last year price would be;

T = $24 + $12

T = $36

This year, the total cost, which is C

C = $33 + $15

C = $48

The consumer price index per the above question is calculated as;

Price index = (Current price / Base price period) × 100

Price index = (48 / 36) × 100

Price index = $133.33

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Pretty sure it's to <u>shift the cells up</u>

Explanation:

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Your friend says to you, "America is one of the fairest countries in the world because we have a democracy, and we are able to v
professor190 [17]

Answer and explanation:

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3 years ago
when calculating net price, why do you think loans are not deducted from sticker price even if they are typically offered to you
storchak [24]

The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."

This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.

Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.

A sticker price is the whole amount of the annual or session cost of a college education.

Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.

Learn more here: brainly.com/question/20635459

3 0
3 years ago
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Answer:

0.17

Explanation:

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Expected return in investment = (Expected return of outcome 1 × Probability of outcome 1) + (Expected return of outcome 2 × Probability of outcome 2) + (Expected return of outcome 3 × Probability of outcome 3)

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