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50 years ago a set of gold plated dinnerware cost $55, lastyear you inherited it

ID: 1244173 • Letter: 5

Question

50 years ago a set of gold plated dinnerware cost $55, lastyear you inherited it. unfortunately if was destroyed in ahouse fire. the Aurum Flatware Cost Index (AFCI) was112 fifty years ago, today it is 2050. use the AFCI to update the cost of the dinnerware today 50 years ago a set of gold plated dinnerware cost $55, lastyear you inherited it. unfortunately if was destroyed in ahouse fire. the Aurum Flatware Cost Index (AFCI) was112 fifty years ago, today it is 2050. use the AFCI to update the cost of the dinnerware today

Explanation / Answer

I'm not very sure, but I think it goes proportionally, so: 112/55 = 2050/x 112x = 112750 x = 1006.696

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