Solve the problem.
-Find the gasoline price index for 1965 using the 2000 price as the reference value. Use the table below. $$\begin{array}{l}
\text { YEAR|GASOLINE PRICE }\
\begin{array} { l | l }
& \text { (cents per gallon) } \
\hline 1955 & 29.1 \
1965 & 31.2 \
1975 & 56.7 \
1985 & 119.6 \
1995 & 120.5 \
2000 & 155.0 \
2010 & 284.0
\end{array}
\end{array}$$
A)22.1
B)2
C)20.1
D)496.8

Question

Solve the problem.
-Find the gasoline price index for 1965 using the 2000 price as the reference value. Use the table below. $$\begin{array}{l}
\text { YEAR|GASOLINE PRICE }\
\begin{array} { l | l } 
& \text { (cents per gallon) } \
\hline 1955 & 29.1 \
1965 & 31.2 \
1975 & 56.7 \
1985 & 119.6 \
1995 & 120.5 \
2000 & 155.0 \
2010 & 284.0
\end{array}
\end{array}$$
A)22.1
B)2
C)20.1
D)496.8

Quizplus · Accepted Answer

To find the gasoline price index for 1965 using the 2000 price as the reference value, you divide the 1965 price by the 2000 price and then multiply by 100. So, $\frac{31.2}{155.0} \times 100 = 20.1$.

Solve the Problem A)221 B)2 C)20

Solve the Problem A)221
B)2
C)20