Cryptocurrency Q&A
How do you solve real price?
How do you solve real price?
MysticChaser
Wed Nov 06 2024
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6 answers
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I'm trying to figure out how to determine the real price of something. There are so many factors that can affect the price, like discounts, taxes, and even the time of purchase. I need a clear and concise way to calculate the real price.
6 answers
Riccardo
Fri Nov 08 2024
It involves dividing the nominal price of a good by the Consumer Price Index (CPI).
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Valeria
Fri Nov 08 2024
Once this division is performed, the result is multiplied by 101.
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Michele
Fri Nov 08 2024
The purpose of this calculation is to convert the nominal price into its equivalent in the base year of the CPI.
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BlockchainEmpiress
Fri Nov 08 2024
This process is referred to as "deflating" the price.
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Carlo
Fri Nov 08 2024
The formula to determine the real price of a good is straightforward.
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