Question

Subscribing to the theory that life is indeed a beach, the residents of La Playa spend all of their money on three things: Every year, they collectively buy 250 bathing suits, 600 tubes of sunscreen, and 400 beach towels. Item (Amount purchased) Price 2013 ($) Price 2014 ($) Price 2015 ($) Price 2016 ($) Bathing suits (250) $10.00 $12.00 $15.00 $18.00 Sunscreen (600) 4.00 5.00 5.00 6.00 Beach towels (400) 5.00 5.50 7.00 9.00 Use the data in the table above to calculate the following. a. The total cost of this basket each year from 2013 through 2016. Instructions: Round your answers to the nearest whole number. Price 2013 ($) Price 2014 ($) Price 2015 ($) Price 2016 ($) Total cost of basket $ $ $ $ b. How much the cost of this basket has changed from year to year in percentage terms. Instructions: Round your answers to one decimal place. 2013−2014 2014−2015 2015−2016 Percentage change in total cost of basket % % %

Answer 1

Answer :-

Total Cost of basket in year (2013) is $6,900

Total Cost of basket in year (2014) is $8,200

Total Cost of basket in year (2015) is $9,550

Total Cost of basket in year (2016) is $11,700

Now,

Percentage change in total cost of basket in (2013-14) is 18.8%

Percentage change in total cost of basket in (2014-15) is 16.5%

Percentage change in total cost of basket in (2015-16) is 22.5%

Solutions and Explanation to to this question :-

Inference from the table drawn based on the information (data) given in this question :-