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Solve the Problem What Is the Percent Increase of a Market Basket of (CPI)is

Question 68

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Solve the problem.
-A part of the Consumer Price Index (CPI) is given below:  Year 19751980198519901995 CPI 53.882.4107.6130.7152.4\begin{array} { l | c | c | c | c | c } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array} What is the percent increase of a market basket of goods from 1975 to 1985? Round the percent to the nearest integer.


A) 54%
B) 200%
C) 50%
D) 100%

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