Question

In 1983, a hardcover dictionary cost $145.75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent.

a. $354.75
b. $304.62
$254.75
d. $209.00

Answer 1

Answer:

b. $304.62

Step-by-step explanation:

Just took the test and got it right

Answer 2

The cost of the hardcoer dictionary today given the CPI is  $304.62.

What is the consumer price index?

The consumer price index measures the percentage in the price of a basket of goods. It is used to measure inflation.

Cost of the hardcoer dictionary today = $145.75 x (209/100) = $304.62

To learn more about, consumer price index, please check: https://brainly.com/question/26382640