Question $12(1$ point$)$

Suppose total expenditures for a typical household in $2002$ were $$5,500$ per month, while the cost of purchasing exactly the same items in $2012$ was $$6,875.$ If $2002$ is the base year, the consumer price index $($CPI$)$ for the year $2012$ equals

A$)80.$

B$)100.$

C$)120.$

D$)125.$

E$)130.$