In 1983, a cast-iron pan cost $28. 35. Today, a cast-iron pan costs $52. 95. If the CPI is 166, what is the percent relation of the actual price of a cast-iron pan to the expected price? a. The actual price is 11. 1% lower than the expected price. B. The actual price is 20. 8% lower than the expected price. C. The actual price is 31. 5% higher than the expected price. D. The actual price is 12. 5% higher than the expected price.