Econ pratice Question Help??!! please
Hello All im stuck on this question below, i just do not know what formula to use to figure out the the IR for the increase.
Table 246. The table below applies to an economy with only two goods &; hamburgers and hot dogs. The fixed basket consists of 4 hamburgers and 8 hot dogs. Year  Price of hamburgers  Price of hot dogs 
2009  $5.00  $3.00 
2010  5.50  3.30 
2011  5.61  3.63 
Refer to Table 246. Which of the following scenarios is consistent with this statement? "The rate of inflation was 23.75 percent for 2011."
a. The price of a hot dog was $2.44 rather than $3.30 in 2010, with other prices in the table remaining fixed.  

b. The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed.  

c. The price of a hot dog was $4.22 rather than $3.63 in 2011, with other prices in the table remaining fixed..  

d. The price of a hamburger was $6.60 rather than $5.61 in 2011, with other prices in the table remaining fixed.  

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Solution
Re: Econ pratice Question Help??!! please
Do you not know what "The rate of inflation was 23.75 percent for 2011." means? If you do, then just assume each of the "scenarios" and do the calculation to see if it fits. If "the price of a hot dog was $2.44 rather than $3.30 in 2010, with other prices in the table remaining fixed" then, at 23.75 percent interest, theprice in 2011 would be (2.44)(1.02375)= 2.50 NOT $3.63 which it would have to be to have "with other prices in the table remaining fixed".
Re: Econ pratice Question Help??!! please
where did you get the 1.02375 from??
Re: Econ pratice Question Help??!! please
I,m I supposed to Multiply? 23.75% each years price then?