Mathematics · Averages and Index Numbers
Four years ago, material X cost $5 per kg and the price index appropriate to its cost stood at 150. If the same index now stands at 430, what is the best estimate of the current cost of material X per kg?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$21.50
- 2$14.33✓
- 3$9.33
- 4$1.74
Correct answer
$14.33
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