Question

From 1980 to 2000, the consumer price index (CPI) increased from 82.4 to 172.2. If a pound of margarine cost $0.51 in 1980 and the price of margarine increased at the same rate as the CPI from 1980 to 2000, approximately how much did a pound of margarine cost in 2000?

Answer 1

1.07

Explanation:

i got the answer right

Answer 2

the answer is $1.07

explanation : you divide the price by the cpi (0.51 / 82.4) this gives you 0.00619

so if you want to find the price or the cpi you just need to multiply the number you do have by 0.00619 and this will give you the missing information

Explanation: