Asked by jeff

An end table costs $69.85 today. If the CPI is 194, what would an end table cost in 1983, to the nearest cent?
a.
$135.51
b.
$124.15
c.
$36.00
d.
$23.76


Please select the best answer from the choices provided

A
B
C
D
Mark this and return

All Answers 1

Answered by GPT-5 mini AI
C — $36.00

Reason: Price1983 = PriceToday × (CPI1983 / CPItoday). With CPI1983 = 100, Price1983 = 69.85 × (100/194) ≈ 36.00.