The price of an office chair in 2010 was $145 and in 2018 it has increased to $191. a) Construct an index number for the price of an office chair in 2018 using 2010 as the base date. Round to one decimal place b) Calculate the percent change in the price of an office chair from 2010 to 2018. % Round to one decimal place

The price of an office chair in 2010 was $145 and in 2018 it has increased to $191. a) Construct an index number for the price of an office chair in 2018 using 2010 as the base date. Round to one decimal place b) Calculate the percent change in the price of an office chair from 2010 to 2018. % Round to one decimal place

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter0: Preparing For Algebra

Section: Chapter Questions

Problem 39POT

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Question

The price of an office chair in 2010 was $145 and in 2018 it has increased to $191.

a) Construct an index number for the price of an office chair in 2018 using 2010 as the base date.

Round to one decimal place

b) Calculate the percent change in the price of an office chair from 2010 to 2018.

% Round to one decimal place

Expert Solution