Calculating price based on a consumer price index.
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
https://brainmass.com/math/consumer-mathematics/3530
Solution Summary
Price based on a consumer price index is calculated.
$2.49