-The CPI Basket Contains 400 Oranges and 800 Pens

$$\begin{array} { | c | l | l | l | } \hline && { 2008 } & 2009 \\\hline \text { Item } & \text { Quantity } & \text { Frice } & \text { Price } \\\hline \text { Movie tickets } & 4 & \$ 5.00 & \$ 7.50 \\\hline \begin{array} { c } \text { Bags of } \\\text { popcorn }\end{array} & 2 & \$ 3.00 & \$ 3.00 \\\hline \text { Drinks of soda } & 4 & \$ 1.00 & \$ 1.50 \\\hline\end{array}$$
-The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each. The CPI this year is__________ .

A) 140
B) 160
C) 1.60
D) 62.5

Correct Answer:

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