An enquiry into the budgets of middle class families in a certain city gave following information: Expenses Food Fuel Clothing 20% Rent Miscellaneous 35% 10% 15% 20% Prices (2010) 1150 25 75 30 40 Prices (2011) 145 3. 65 30 45 What is the Cost of Living Index Number of 2011 as compared with that of 2010 ?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
icon
Related questions
Question
An enquiry into the budgets of middle class families in a certain city gave the
following information :
Expenses
Food
Fuel
Clothing
20%
Rent
Miscellaneous
35%
10%
15%
20%
Prices
(2010)
1150
25
75
30
40
Prices
(2011)
145
3
65
30
45
What is the Cost of Living Index Number of 2011 as compared with that of 2010 ?
Transcribed Image Text:An enquiry into the budgets of middle class families in a certain city gave the following information : Expenses Food Fuel Clothing 20% Rent Miscellaneous 35% 10% 15% 20% Prices (2010) 1150 25 75 30 40 Prices (2011) 145 3 65 30 45 What is the Cost of Living Index Number of 2011 as compared with that of 2010 ?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College