Question: Hi need help with answering below qs: Question 5 (2 + 3 = 5 marks) a) The CPI for food and non-alcoholic beverages was 177.5

Hi need help with answering below qs: Question 5 (2 + 3 = 5 marks)

a) The CPI for food and non-alcoholic beverages was 177.5 in 2007-08 and 255.6 in 2018-19. If a chicken schnitzel and chips cost $12.50 in 2007-08, what would it cost in 2018-19 if its price had moved in line with the CPI?

b) CEO has determined the annual profit for her company for the years 2000, 2005 and 2010. The CPI for each year was also recorded.

Year	Income	CPI
2000	130,000	86.6
2005	185,000	121.5
2010	245,000	170.1

After removing the effect of inflation, what is the actual percentage change in the company's annual profit in the period 2005 to 2010?

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