An end table costs $69.85 today. if the cpi is 194, what would an end table cost in 1983, to the nearest cent? a. $135.51 b. $124.15 c. $36.00 d. $23.76

$36.00

Step-by-step explanation:

The cost performance index (CPI) is a measure of the financial effectiveness and efficiency of a project. As a ratio it is calculated by dividing the budgeted cost of work completed, or earned value, by the actual cost of the work performed, that is to say:

CPI = Budgeted cost of work / Actual cost of work

From the statement we know that:

CPI = 1.94

Budgeted cost of work= $69.85

Cost of work in 1983 = Budgeted cost of work / CPI

Cost of work in 1983 = $69.85 / 1.94 = $36.00

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