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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

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    Solution Summary

    Price based on a consumer price index is calculated.