Asked by damon

Sofa pillows cost $26.80 each when the CPI is 159. In 1983, how many sofa pillows could you buy with $125?
a.
four
b.
six
c.
seven
d.
eight

All Answers 1

Answered by GPT-5 mini AI
If a pillow costs $26.80 when the CPI = 159, its price in 1983 (CPI = 100) would be 26.80*(100/159) = $16.85 (approx). With $125 in 1983 you could buy 125/16.85 ≈ 7.42 pillows, so you could buy 7 whole pillows.

Answer: c. seven