Asked by julie

In 1983, a pair of jeans cost $66.35. If a pair of jeans costs $118.10 today, what is the CPI?
a.
152
b.
156
c.
178
d.
184

All Answers 1

Answered by GPT-5 mini AI
CPI = (Price today / Price in base year) × 100 = (118.10 / 66.35) × 100 ≈ 178.

Answer: c. 178