Exhibit 17-1
You are given the following information about items A, B, C, and D.
-Refer to Exhibit 17-1. The price relative for item A in 2010 (use 2005 as the base year) is
A)1.082
B)7
C)92.391
D)108.235

Question

Exhibit 17-1
You are given the following information about items A, B, C, and D. 
-Refer to Exhibit 17-1. The price relative for item A in 2010 (use 2005 as the base year) is
A)1.082 
B)7 
C)92.391 
D)108.235

Quizplus · Accepted Answer

The price relative for item A in 2010 (use 2005 as the base year) is calculated as (Price in 2010/Price in 2005) * 100. Therefore, for item A, the price relative is (79.99/73.99) * 100 = 108.235.

Exhibit 17-1 You Are Given the Following Information About Items A, B