a-movie-ticket-cost-5-in-1990-when-the-cpi-was-1307-if-the-cpi-in-2020-is-2588-w

Question

A movie ticket cost $5 in 1990 when the CPI was 130.7. If the CPI in 2020 is 258.8, what is the equivalent cost of the movie ticket in 2020 dollars?

Accepted Answer

$9.90

Answer

$10.00

Answer

$8.00

Answer

$7.50

A movie ticket cost \$5 in 1990 when the CPI was 130.7. If the CPI in 2020 is 258.8, what is the equivalent cost of the movie ticket in 2020 dollars?