The CPI means consumer price index. The CPI is 151. Then the correct option is B.
The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.
A raincoat costs $79. 25 today. If a similar raincoat cost $52. 48 in 1983.
CPI is given as
[tex]\rm CPI = \dfrac{Price\ of\ raincoat\ today}{Price\ of\ raincoat\ in\ 1983}*100\\\\ CPI = \dfrac{79.25}{52.47}*100\\\\ CPI = 151[/tex]
More about the percentage link is given below.
https://brainly.com/question/8011401
