Question: Assume that prices for the items below increased at the average annual rates shown in the table. Use the inflation proportion to find the missing

Assume that prices for the items below increased at the average

Assume that prices for the items below increased at the average annual rates shown in the table. Use the inflation proportion to find the missing price in the last column of the chart. Year 2000 2009 Average CPI-U 172.7 214.8 Price in 2009 Item Evening dress Price $177 Year Purchased 2000 The missing price in 2009 is $ (Round up to the nearest dollar.)

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