Between 1998 and 2018, inflation for prices of goods and services has been about 51%. Suppose a salon charged $18 for a basic haircut in 1998 and has been raising prices by a steady percentage each year to keep up with inflation. 1. What is the price of a haircut at the salon in 20087 Explain or show your reasoning. Your answer 2. In 2003, the salon charged $19.95 for a basic haircut. Find the cost of the basic haircut in 2013. Explain your reasoning. Your answer

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.6: Percent Applications
Problem 28E
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Between 1998 and 2018, inflation for prices of goods and services has been about 51%.
Suppose a salon charged $18 for a basic haircut in 1998 and has been raising prices by a
steady percentage each year to keep up with inflation.
1. What is the price of a haircut at the salon in 2008? Explain or show your reasoning.
Your answer
2. In 2003, the salon charged $19.95 for a basic haircut. Find the cost of the basic
haircut in 2013. Explain your reasoning.
Your answer
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DELL
Transcribed Image Text:pCA/Viewtorm Between 1998 and 2018, inflation for prices of goods and services has been about 51%. Suppose a salon charged $18 for a basic haircut in 1998 and has been raising prices by a steady percentage each year to keep up with inflation. 1. What is the price of a haircut at the salon in 2008? Explain or show your reasoning. Your answer 2. In 2003, the salon charged $19.95 for a basic haircut. Find the cost of the basic haircut in 2013. Explain your reasoning. Your answer Submit Never submit passwords through Google Forms Renort AbusA DELL
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