If the salary of a person in the base year is Rs. 4000 per annum and the current year salary is Rs 6000, by how much should his salary rise to maintain the same standard of living, if the CPI of the current year is 400?

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Base year salary = Rs. 4000, Base year index = 100 (assumption)Salary required in the current year to maintain the same standard of living of base year = Base Year Salary xCPI of Current Year/CPI of Base Year = 4000 x400/100 =Rs 16000 Current year salary = Rs. 16000The increase in current salary...
read more
Base year salary = Rs. 4000, Base year index = 100 (assumption)Salary required in the current year to maintain the same standard of living of base year = Base Year Salary xCPI of Current Year/CPI of Base Year = 4000 x400/100 =Rs 16000 Current year salary = Rs. 16000The increase in current salary required = 16000 - 6000 = Rs. 10000 read less
Comments

Related Questions

Which Coaching Institute provides best study Material for Mathematics of class 12?
IIT Junction in Wakad Pune will get you the best material for your preperation
Y
0 0
8
Is it necessary to join coaching classes after class 11?
First of all to join school is important but it also depend on your school standards. If teacher are good and provide best which is important to you than must join otherwise can take tution classes outside...
K.
0 0
5
What is the fee for a student going to class 11 for JEE coaching?
fees for JEE coaching (11th or 12th) its depends upon which coaching your joining like if u will go KOTA and your joining RESONANCE, BANSAL, ALLEN, MOTION, VIBRANT, CAREER POINT almost all coaching will...
Saddam
0 0
6
How should I study Class 12 mathematics without coaching?
Solve R. D SHARMA (REFERENCE BOOK) FROM BASIC LEVEL TO HIGHER LEVEL. And YOU MUST TAKE HELP FROM YOUR SCHOOL MATHS TEACHER.
My
0 0
7
Is coaching in class 12 necessary to score 100 in chemistry?
Coaching is NOT necessary. But one must be ready to develop some qualities/habits to substitute the advantages coaching institutes provides. 1. CONSISTENCY: You must be regular with your studies. Because...
Santosh
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Utility and its features
What is Utility and what are its features?

Consumer Equilibrium
Basic Terms: 1.Utility:It refers to want satisfying power of the commodity.It is measured in utiles. 2.Types of Utilities: Tototal Utility: It refers to sum total of utility that is received from...


Economics learning made easy
I am an educator of economics for 3 years now teaching students from classes 9 to 12.I am currently working in chegg india as a verified expert in Economics and providing solutions to problems related...

Recommended Articles

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you