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answer with steps: The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the
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The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each. The CPI this year is ________.
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