Consider the following basket of goods: 50 hamburgers, 10 textbooks, eight T-shirts, and 100 bottles of water. Suppose that in 2015, each hamburger was $3.50, each textbook was $89.99, each T-shirt was $14, and each bottle of water was $1.50. In 2016, each hamburger was $3.60, each textbook was $95, each T-shirt was $13, and each bottle of water was $1.65. What was the value of the basket in 2016?

Question

Quizplus · Accepted Answer

The value of the basket in 2015 is:
50 hamburgers × $3.50 + 10 textbooks × $89.99 + 8 T-shirts × $14 + 100 bottles of water × $1.50 = $175 + $899.90 + $112 + $150 = $1,336.90
The value of the basket in 2016 is:
50 hamburgers × $3.60 + 10 textbooks × $95 + 8 T-shirts × $13 + 100 bottles of water × $1.65 = $180 + $950 + $104 + $165 = $1,399
Therefore, the value of the basket in 2016 is $1,399. Answer D is the correct answer.

Consider the Following Basket of Goods: 50 Hamburgers, 10 Textbooks