Table : TABLE 13-3 Calculating the Cost of a Market Basket
Pre-frost Post-frost
Price of orange $0.20 $0.40
Price of grapefruit 0.60 1.00
Price of lemon 0.25 0.45
Cost of market basket (200 oranges, 50 grapefruit, 100 lemons) (200 × $0.20) + (50 × $0.60) + (100 × $0.25) = $95.00 (200 × $0.40) + (50 × $1.00) + (100 × $0.45) = $175.00