Good X sold for $40 in 1957.The CPI in 1957 was 27.6 and the CPI in 2014 was 244.537.What was the price of good X in 2014 dollars?
A) $514.60
B) $270.92
C) $1,201.60
D) $310.92
E) $354.40

Question

Good X sold for $40 in 1957.The CPI in 1957 was 27.6 and the CPI in 2014 was 244.537.What was the price of good X in 2014 dollars?
A) $514.60
B) $270.92
C) $1,201.60
D) $310.92
E) ​$354.40

Quizplus · Accepted Answer

The Answer of Good X sold for $40 in 1957.The CPI in 1957 was 27.6 and the CPI in 2014 was 244.537.What was the price of good X in 2014 dollars?
A) $514.60
B) $270.92
C) $1,201.60
D) $310.92
E) ​$354.40

Good X Sold for $40 in 1957