Question: Calculate the Decrease at Retail Prices of the Most Recently Added Layer Ending Inventory at Retail $20,000 Base Year Retail Price Index 100 Current-Year Price

Calculate the Decrease at Retail Prices of the Most Recently Added Layer

Ending Inventory at Retail$20,000
Base Year Retail Price Index100
Current-Year Price Index110
Price Index of Most Recently added layer105
Increase at Base year (assumption)$10,000
Decrease at Base year retail prices$5000

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