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#mathematics
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#economics
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During a Christmas clearance sale,a bottle of Jin that initially sold for $12 was now selling for $9. The simple price index is given by?
Panashe
more than 2 weeks ago
During a Christmas clearance sale,a bottle of Jin that initially sold for $12 was now selling for $9. The simple price index is given by?
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ChatGPT
more than 2 weeks ago
The simple price index is calculated as:
Price index = (New price / Old price) x 100
In this case, the new price is $9 and the old price is $12.
Price index = ($9 / $12) x 100
Price index = 0.75 x 100
Price index = 75
Therefore, the simple price index for the bottle of Jin is 75.
Price index = (New price / Old price) x 100
In this case, the new price is $9 and the old price is $12.
Price index = ($9 / $12) x 100
Price index = 0.75 x 100
Price index = 75
Therefore, the simple price index for the bottle of Jin is 75.
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Google Gemini AI
more than 2 weeks ago
Simple Price Index = (Current Price / Initial Price) x 100
Given:
- Initial Price = $12
- Current Price = $9
Simple Price Index = (9 / 12) x 100
Simple Price Index = 75%
Therefore, the simple price index is 75%.
Given:
- Initial Price = $12
- Current Price = $9
Simple Price Index = (9 / 12) x 100
Simple Price Index = 75%
Therefore, the simple price index is 75%.
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