Economy of Cheese&Cake-Factory calculates price index of foods. People in Cheese&Cake-Factory buy spaghettis, salads and cheesecakes. In 2015, they bought 20 spaghettis for $10 each, 15 salads for $5 each, and 10 cheesecakes for $6 each. In 2016, they bought 22 spaghettis for $12 each, 20 salads for $6 each, and 13 cheesecakes for $7 each. Year 2015 is a base year. What is inflation for 2016? a) 141.79% b) 119.4% c) 19.4% d) 41.79%
Economy of Cheese&Cake-Factory calculates price index of foods. People in Cheese&Cake-Factory buy
spaghettis, salads and cheesecakes. In 2015, they bought 20 spaghettis for $10 each, 15 salads for $5 each, and 10 cheesecakes for $6 each. In 2016, they bought 22 spaghettis for $12 each, 20 salads for $6 each, and 13 cheesecakes for $7 each. Year 2015 is a base year.
What is inflation for 2016?
a) 141.79%
b) 119.4%
c) 19.4%
d) 41.79%