The price index was 128.96 in 2006 and,between 2005 and 2006,the inflation rate was 24 percent.The price index in 2005 was

Name: The price index was 128.96 in 2006 and,between 2005 and 2006,the inflation rate was 24 percent.The price index in 2005 was
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Question

Quizplus · Accepted Answer

Let X be the price index in 2005.

According to the question, we know that:

X + 0.24X = 128.96

Simplifying the equation, we get:

1.24X = 128.96

X = 104

Therefore, the price index in 2005 was 104. Option B is the correct answer.

The Price Index Was 128