Consider the following basket of goods: 15 lollipops, 10 bars of chocolate, four jars of peanut butter, and two ice-cream cakes. Suppose that in 1999, each lollipop was 10 cents, each bar of chocolate was $1.50, each jar of peanut butter was $2.50, and each ice-cream cake was $7.99. In 2018, each lollipop was 80 cents, each bar of chocolate was $3.75, each jar of peanut butter was $4.25, and each ice-cream cake was 12.99. What was the value of the basket in 2018?
A)$117.70
B)$42.48
C)$92.48
D)$217.70

Question

Quizplus · Accepted Answer

To find the value of the basket in 2018, we need to calculate the total cost of each item in 2018 and then add them up.

In 1999, the value of the basket was:

15 lollipops × $0.10 = $1.50 
10 bars of chocolate × $1.50 = $15.00 
4 jars of peanut butter × $2.50 = $10.00 
2 ice-cream cakes × $7.99 = $15.98 
Total value of basket in 1999 = $42.48

In 2018, the value of the basket was:

15 lollipops × $0.80 = $12.00 
10 bars of chocolate × $3.75 = $37.50 
4 jars of peanut butter × $4.25 = $17.00 
2 ice-cream cakes × $12.99 = $25.98 
Total value of basket in 2018 = $92.48

Therefore, the answer is choice (C), $92.48.

Consider the Following Basket of Goods: 15 Lollipops, 10 Bars