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  

1 Answer

Learn Economics +1

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

How do I start preparing for JEE MAINS from class 11 without using coaching?
Apart from your daily study routine, you have to spend at least 2 to 3hours to clear only basic concepts of any subject.
Profile Photo
Vishvajeet
0 0
View Comments5
which is best IT/Non-IT Course after MBA and having fresher job ?
As per my opinion, best IT course for an MBA student to easily fetch a job is to go for digital Marketing. Nowadays this Technology is in trending list. As you have mentioned fresher, so it is more important...
Profile Photo
Priya
Are coaching classes compulsory in class 11 in commerce?
It is not compulsory but right coaching will give better understanding of the subject.
Profile Photo
Krishan
0 0
View Comments7

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

Ask a Question

Related Lessons

Mathematical Economics
Functions of one variable (DEMO) Reference book: Sydsaeter and Hammond Play with Graphs- Arihant Content plan for Day 1: Graphs of Functions: Special focus on trigonometric functions. All basic functions...
Profile Photo




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