Amazon would like to purchase a building costing $900,000 by paying $361,254 cash on the purchase date and agreeing to make equa
1 answer:
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Answer:
$2.5
Explanation:
Given:
Number of sandwiches in basket = 20
Number of magazines in basket = 30
cost of sandwiches in 2006 = $4
Cost of magazines in 2006 = $2
cost of sandwiches in 2007 = $5
Consumer price index in 2007 = 125
Now,
Consumer price index =
or
125 =
here,
X is the price of magazines in 2007
thus,
125 =
or
1.25 × ($80 + $60 ) = $100 + 30X
or
30X = $175 - $100
or
X = $2.5
Hence,
The price of magazines in 2007 was $2.5