The Food Faddist Price Index. A food faddist eats only steak, rice, and ice cream. In 1995, he bought:

Item 1995 quantity 1995 price Steak 200 pounds $5.45/pound Rice 300 pounds 0.49/pound Ice cream 50 gallons 5.08/gallon 354 CHAPTER 16 The Consumer Price Index and Government Statistics After a visit from his mother, he adds oranges to his diet. Oranges cost

$0.56/pound in 1995. Here are the food faddist’s food purchases in 2005:

Item 2005 quantity 2005 price Steak 175 pounds $6.89/pound Rice 325 pounds 0.55/pound Ice cream 50 gallons 6.69/gallon Oranges 100 pounds 0.63/pound Find the fixed market basket Food Faddist Price Index (1995 = 100) for the year 2005.