The receipts and year of release of the five movies with the largest nominal box
ID: 1191464 • Letter: T
Question
The receipts and year of release of the five movies with the largest nominal box office revenues, along with the CPI data of each year, are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2012 (2012 CPI 229.6). Which movie had the largest real box office receipts?
E.T.: The Extra-Terrestrial
Star Wars
Avatar
Titanic
G
Movies Box Office Receipts Year Released CPI in Year Released (in millions) Avatar $760.5 2009 214.5 Titanic 600.8 1997 160.5 Star Wars 461.0 1977 60.6 Shrek 2 437.2 2004 188.9 E.T.: The Extra-Terrestrial 399.9 1982 96.5The receipts and year of release of the five movies with the largest nominal box office revenues, along with the CPI data of each year, are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2012 (2012 CPI 229.6). Which movie had the largest real box office receipts?
E.T.: The Extra-Terrestrial
Star Wars
Avatar
Titanic
G
Explanation / Answer
The required table is as below:
Movies
Receipts in million $
CPI
Conversions
Real $ amount,2012
A
760.5
214.5
(760.5 ÷ 214.5) × 229.6 =
814.04
T
600.8
160.5
(600.8 ÷ 160.5) × 229.6 =
859.46
SW
461
60.6
(461 ÷ 60.6) × 229.6 =
1,746.62
S
437.2
188.9
(437.2 ÷ 188.9) × 229.6 =
531.40
E
399.9
96.5
(399.9 ÷ 96.5) × 229.6 =
951.47
SW had the largest box office receipts.
Movies
Receipts in million $
CPI
Conversions
Real $ amount,2012
A
760.5
214.5
(760.5 ÷ 214.5) × 229.6 =
814.04
T
600.8
160.5
(600.8 ÷ 160.5) × 229.6 =
859.46
SW
461
60.6
(461 ÷ 60.6) × 229.6 =
1,746.62
S
437.2
188.9
(437.2 ÷ 188.9) × 229.6 =
531.40
E
399.9
96.5
(399.9 ÷ 96.5) × 229.6 =
951.47
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