Question

The formula for finding the

change in CPL is [(new-old)/old]
for different baskets of goods
and services. What is the
change in the CPL if the new
price for transportation
services is $100 and the old
price was $80?
A. 25%
B. 15%
C. 10%

Answer 1

25%

Explanation:

100-80=20

20/80Ⅹ100=25%