Three years ago Tom purchased his large screen TV for $3,630 when the CPI was 112.8....
Three years ago Tom purchased his large screen TV for $3,630 when the CPI was 112.8. How much would the same TV cost him now if this year's CPI is 97.6?
Homework Answers
Ans $ 3140.85
Cost of TV now = Price of TV / Old CPI * New CPI
= 3630 / 112.8 * 97.6
= $ 3140.85
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