Question
Subscribing to the theory that life is indeed a beach, the residents of La Playa spend all of their money on three things: Every year,
Subscribing to the theory that life is indeed a beach, the residents of La Playa spend all of their money on three things: Every year, they collectively buy 250 bathing suits, 600 tubes of sunscreen, and 400 beach towels.
Item (Amountpurchased)Price 2013 ($)Price 2014 ($)Price 2015 ($)Price 2016 ($)Bathing suits (250)$10.00$12.00$15.00$18.00Sunscreen (600)4.005.005.006.00Beach towels (400)5.005.507.009.00
Use the data in the table above to calculate the following.
a. The total cost of this basket each year from 2013 through 2016.
Instructions:Round your answers to the nearest whole number.
Price 2013 ($)Price 2014 ($)Price 2015 ($)Price 2016 ($)Total cost of basket$$$$
b. How much the cost of this basket has changed from year to year in percentage terms.
Instructions:Round your answers to one decimal place.
201320142014201520152016Percentage change in total cost of basket%%%
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