Answer:
105%.
Explanation:
Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100
Given,
Cost of basket of goods in base year = $200
Cost of basket of goods in year of interest = $210
Price index in year of interest (second year) = (210/200) × 100
= 105%
The price index in the second year is 105%.
