Question

In 1990 sausage cost an average of $2.42 per pound. In 1994 it cost 51.35 per pound. What was the percent of depreciation (percent of decrease)?

*(show your work)*​

Answer 1

Cumulative price change 105.96%

Average inflation rate 2.36%

Converted amount ($100 base) $205.96

Price difference ($100 base) $105.96

CPI in 1990 130.700

Explanation: