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# Calculating price based on a consumer price index.

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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

##### Solution Summary

Price based on a consumer price index is calculated.

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