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    hncoolguy's Avatar
    hncoolguy Posts: 1, Reputation: 1
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    #1

    Aug 5, 2015, 09:35 AM
    Hi. Any help will be appreciated. Thanks
    i know the answer is D, but dont know how to solve it.1. If the nominal price of hockey tickets has increased from $100 to $150 and the consumer price index has risen from 160 to 200, then the real ticket prices have increased:
    a) 50%.
    b) 40%.
    c) 30%.
    d) 20%.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Aug 5, 2015, 12:57 PM
    Hint - start by expressing the new price of tickets pre-inflation. Dollars today are worth 160/200 as much as before, so what is the equivalent price of tickets today using the old value of money?
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