If a market basket of goods cost $100 in the base year and $143 in a later year,then average prices have increased by:
A) 243 percent.
B) 143 percent.
C) 70 percent.
D) 43 percent.

Name: If a market basket of goods cost $100 in the base year and $143 in a later year,then average prices have increased by: A) 243 percent. B) 143 percent. C) 70 percent. D) 43 percent.
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Question

Quizplus · Accepted Answer

The increase is calculated as ($143 - $100) / $100 * 100% = 43%.

If a Market Basket of Goods Cost $100 in the Base