Suppose the inflation rate of a country in 2009 was 20%. If a dress costs $150 at the beginning of the year, how much would it cost at the end of the year?
A)$130
B)$170
C)$180
D)$200

Question

Quizplus · Accepted Answer

If the inflation rate is 20%, then the price of the dress will increase by 20%. 
20% of $150 = $30 
So the final cost of the dress would be $150 + $30 = $180. Therefore, the best choice is C.

Suppose the Inflation Rate of a Country in 2009 Was