Ethel purchased a bag of groceries in 1970 for $8.She purchased the same bag of groceries in 2012 for $25.If the price index was 38.8 in 1970 and 180 in 2012,what's the price of a 1970 bag of groceries in 2012 prices?
A) $25.00
B) $29.11
C) $37.11
D) $38.80
Correct Answer:
Verified
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