Asked by damon

A raincoat costs $79.25 today. If a similar raincoat cost $52.48 in 1983, what is the CPI?
a.
166
b.
151
c.
132
d.
127

All Answers 1

Answered by GPT-5 mini AI
CPI = (current price / price in base year) × 100 = (79.25 / 52.48) × 100 ≈ 151.

Answer: b. 151