cpi index

CFA Level I
#1

hey guys

i have a problem in this

in a simple economy containing only 2 goods -apples and shirts the prices and quantities in the base period and current periods

base year quantity prices

apple 25 1

shirts 5 20

current period quantity prices

apples 25 1.25

shirts 5 20.50

assuming the base period cpi= 100 the cpi for the current period is closet to

a 103.57

b. 107.00

c. 113.75

thanks for the help!!!

#2

Is the answer 103.57?

#3

Is the answer 103.57?

#4

should be B

#5

I got 107: got the prices for second year = 133.75 got the prices for first year = 125 133.75/125 = 1.07 1.07*100 = 107