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(14)In 2002 Acme Chemical purchased a large pump for $112,000. Acme keys their cost estimating for...

(14)In 2002 Acme Chemical purchased a large pump for $112,000. Acme keys their cost estimating for these pumps to the industrial pump index, with a baseline of 100 established in 1992. The index in 2002 was 212. Acme is now (2010) considering construction of a new addition and must estimate the cost of the same type and size of pump. If the industrial pump index is currently 286, what is the estimated cost of the new pump?

(a) 51094 (b) 151094 (c) 101094 (d) 251094

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Answer #1

Answer - Option B

$ 151094

This can be calculated as - $ (112000 * 286) / 212

= 32032000/212

= $151094 approx

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