Ethel purchased a bag of groceries in 1970 for $8.She purchased the same bag of groceries in 2006 for $25.If the price index was 38.8 in 1970 and the price index was 180 in 2006,then what is the price of the 1970 bag of groceries in 2006 dollars?
A)$5.39
B)$25.00
C)$29.11
D)$37.11

Question

Quizplus · Accepted Answer

The Answer of Ethel purchased a bag of groceries in 1970 for $8.She purchased the same bag of groceries in 2006 for $25.If the price index was 38.8 in 1970 and the price index was 180 in 2006,then what is the price of the 1970 bag of groceries in 2006 dollars?
A)$5.39
B)$25.00
C)$29.11
D)$37.11

Ethel Purchased a Bag of Groceries in 1970 for $8