Problem

The Consumer Price Index (CPI) is a measure of inflation obtained by comparing current prices with base prices in 1982-84. Use this information to complete the missing item in the following table for ice cream.
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The percent of increase is \%. (Round to one decimal place as needed.)

Answer

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Answer

Final Answer: The percent of increase is 26.7%.

Steps

Step 1 :Given the Consumer Price Index (CPI) for ice cream in 2000 is 160.1 and in 2009 is 202.8.

Step 2 :The percent of increase can be calculated by subtracting the initial value from the final value, dividing the result by the initial value, and then multiplying by 100 to get a percentage.

Step 3 :Let's denote the initial value as I and the final value as F. In this case, I=160.1 and F=202.8.

Step 4 :The formula for percent increase is FII×100%.

Step 5 :Substitute I and F into the formula, we get 202.8160.1160.1×100%.

Step 6 :The percent of increase is approximately 26.670830730793266.

Step 7 :Round to one decimal place as needed, the percent of increase is 26.7.

Step 8 :Final Answer: The percent of increase is 26.7%.

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