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The CPI is currently 153. If a coffee maker costs $31.90 today, how much did one cost in 1983, to the nearest cent?

a. $20.85

b. $21.20

C. $26.60

d. $48.81

Please select the best answer from the choices provided

B

Ο Ο Ο Ο

С

D

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Answer:

a.

$20.85

Step-by-step explanation:

The amount of one cost in 1983, to the nearest cent is to be considered as the option a. $20.85.

Calculation of the amount of one cost:

Since

The CPI is currently 153.

And, there a coffee maker costs $31.90 today.

So the one cost should be like

[tex]= 31.90 \div 153[/tex]

= 20.85%

Hence, The amount of one cost in 1983, to the nearest cent is to be considered as the option a. $20.85.

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