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Your grandparents purchased their house in 1968 for $7,800. They were amazed when they recently sold the house for $295,000 and feel that their return
Your grandparents purchased their house in 1968 for $7,800. They were amazed when they recently sold the house for $295,000 and feel that their return was tremendous. Of course, these are the same grandparents who complain that a candy bar that sold for $.25 when they bought the house now costs $1.30. What was the real selling price of the house in 1968 dollars? Current year Year purchased Original price Price sold for today Original candy bar price Current candy bar price S $ S S 2017 1968 7,800 295,000 0.25 1.30
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