Ask Question
30 June, 01:47

If the CPI was 72.6 in 1979 and 144.5 in 1993, by what percentage did prices rise during the period 1979-1999?

+1
Answers (1)
  1. 30 June, 02:09
    0
    99.035%

    Explanation:

    Data provided in the question:

    CPI in 1979 = 72.6

    CPI in 1993 = 144.5

    Now,

    The percentage by which prices rise during the period 1979-1999 will be calculated as:

    = [ (CPI in 1993 - CPI in 1979) : CPI in 1979 ] * 100%

    or

    = [ (144.5 - 72.6) : 72.6 ] * 100%

    or

    = [ 71.9 : 72.6 ] * 100%

    or

    = 99.035%

    The percentage by which prices rise during the period 1979-1999 is 99.035%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the CPI was 72.6 in 1979 and 144.5 in 1993, by what percentage did prices rise during the period 1979-1999? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers