Explore BrainMass
Share

Cost of Living Index

The cost of a standard cooling system in 1990 was $25,000. If the equipment cost index at that time was 915.1, what will be the estimated cost for a similar system when the index is 1200?

© BrainMass Inc. brainmass.com August 20, 2018, 2:16 pm ad1c9bdddf

Solution Summary

Cost under a new index is estimated in the solution.

$2.19