Explore BrainMass
Share

Explore BrainMass

    Calculating price based on a consumer price index.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The consumer price index for a new car in 1990 was 110.2, and in 1995 it was
    136.5. If the price of the car was $12,880 in 1990, what was the price in 1995?
    a. $15,362
    b. $15,954
    c. $16,060
    d. $16,267

    © BrainMass Inc. brainmass.com October 9, 2019, 3:24 pm ad1c9bdddf
    https://brainmass.com/math/consumer-mathematics/3530

    Solution Summary

    Price based on a consumer price index is calculated.

    $2.19