In 1976 a Roast Beef Sandwich Cost 89 Cents at a Local

Multiple Choice

In 1976 a roast beef sandwich cost 89 cents at a local fast food shop. If the 1976 CPI is 56.9 and the 1999 CPI is 166.2, compute this cost in 1999 dollars.

A) 31 cents
B) $1.43
C) $1.93
D) $2.60