In 2007, the movie Transformers generated about $27.8 million on its opening day. In 1995, Batman Forever generated $20 million on its opening day. If the CPI in 2005 was 100, the CPI in 1995 was 78.0, and the CPI in 2007 was 106.2, ________ is the larger single-day grossing movie, with about ________ million in revenues in 2005 dollars.
A) Transformers; $27.8
B) Batman Forever; $35.6
C) Transformers; $26.2
D) Transformers; $35.6
E) Batman Forever; $27.8

Question

Quizplus · Accepted Answer

To adjust for inflation, convert the 1995 revenue to 2005 dollars: $20 million * (100 / 78) = $25.64 million. Convert the 2007 revenue to 2005 dollars: $27.8 million * (100 / 106.2) = $26.2 million. Transformers has the larger single-day gross in 2005 dollars.

In 2007, the Movie Transformers Generated About $27