The table below shows hypothetical prices for a particular anatomy textbook at a university bookstore over several years.
TABLE 2-4
-Refer to Table 2-4.Assume that 2012 is used as the base year,with the index number = 100.The value of the index number in 2014 is
A)0.878.
B)1.0.
C)1.139.
D)87.8.
E)113.9.

Question

The table below shows hypothetical prices for a particular anatomy textbook at a university bookstore over several years.
  TABLE 2-4
-Refer to Table 2-4.Assume that 2012 is used as the base year,with the index number = 100.The value of the index number in 2014 is
A)0.878. 
B)1.0. 
C)1.139. 
D)87.8. 
E)113.9.

Quizplus · Accepted Answer

The index number in 2014 is 113.9, indicating a 13.9% increase from the base year 2012, where the index was set at 100.

The Table Below Shows Hypothetical Prices for a Particular Anatomy