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Commodity Market Basket 2001 price 2002 price Quantity Wheat 30 lbs. $3.00 $3.60 Apples 25 lbs. $3.50 $3.75 Assuming that 2001 is the base year,

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Commodity Market Basket 2001 price 2002 price Quantity Wheat 30 lbs. $3.00 $3.60 Apples 25 lbs. $3.50 $3.75 Assuming that 2001 is the base year, calculate the price index for 2002. In 2002, the price index is (Round your answer to two decimal places.)

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