The cpi is currently 153. if a coffee maker costs $31.90 today, how much did one cost in 1983, to the nearest cent? a. $20.85 b. $21.20 c. $26.60 d. $48.81
The Cpi Is Currently 153. If A Coffee Maker Costs $31.90 Today, How Much Did One Cost In 1983, To The Nearest Cent? A. $20.85 B. $21.20 C. $26.60 D. $48.81
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The Cpi Is Currently 153. If A Coffee Maker Costs $31.90 Today, How Much Did One Cost In 1983, To The Nearest Cent? A. $20.85 B. $21.20 C. $26.60 D. $48.81. The cpi is currently 153. \[ \text{price in 1983} = \frac{\text{price today}}{\text{current cpi}}.
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Initial cost = $31.90 × 99.6 ÷. The current cpi is 153. The cpi for 1983 is set as the base year with a value of 100.
\[ \Text{Price In 1983} = \Frac{\Text{Price Today}}{\Text{Current Cpi}}.
If a coffee maker costs $31.90 today, how much did one cost in 1983, to the nearest cent? According to the table, the cpi for 1983 is 99.6. We need to find the initial cost and the initial cpi.
The Current Cpi Is 153.
The cpi is currently 153. The cpi for 1983 is set as the base year with a value of 100. The cost of one coffee maker in 1983, to the nearest cent, was $20.80.
The Formula To Adjust For Inflation Is:
When you compute the fraction, 153100≈0.6536, then. If a coffee maker costs $31.90 today, how much did one cost in 1983 , to the nearest. Substituting the values into the formula:
He Cpi Is Currently 153.
We are given the cpi in the current year (153) and the cost of a coffee maker in the current year ($31.90). Initial cost = $31.90 × 99.6 ÷. Hence, the correct option is (a) $20.85.to find the cost of a coffee maker in 1983, we can
Thus, The Coffee Maker Would Have Cost Approximately $20.85 In.
However, we are not given the cpi in 1983, which is necessary to calculate the cost. If a coffee maker costs $31.90 today, how much did one cost in 1983, to.