Mr.Ashok was getting Rs. 400 in the base year and Rs.800 in the current year. If Consumer Price Index is Rs. 350, then what extra amount is required for maintaining the earlier standard of living?

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Base Year Salary xCPI of Current Year/CPI of Base Year. Base Year Salary=400 CPI of Current Year = 800 cpi of base year=350 400*(800/350) =914 914-800=114rs
Comments

Related Questions

What"s the tution fees for xI and xII Economics and for graduation Economics in Delhi

for XI-XII rs 300 and for graduation rs 500 per hour
Minakshi Verma
0 0
6

 How does demand influence investment decisions in an economy?

Higher demand encourages businesses to invest more in production to meet customer needs. If demand is low or uncertain, firms reduce or delay investment. So, strong demand boosts confidence and drives investment in the economy.
Renu
How do I get 90+ in class 12 maths without coaching?
On the presumption that you have enough zest and zeal to excel in the mathematics,you can very well score 90+ through meticulous planning. For every chapter, one need to recapitulate that read in class...
Ashok
0 0
6

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

Ask a Question

Related Lessons

Recommended Articles

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

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 >

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 mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

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