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.
The percent of increase is \%. (Round to one decimal place as needed.)
Final Answer: The percent of increase is
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
Step 4 :The formula for percent increase is
Step 5 :Substitute
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