The price of a loaf of bread in 2012 was $1.41 and in 2018 it increased to
Question:
The price of a loaf of bread in 2012 was $1.41 and in 2018 it increased to $1.64.
a. Calculate the index number for the price of bread in 2018 using 2012 as the base year.
b. Calculate the percent change in the price of bread from 2012 to 2018.
AppendixLO1
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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