During the certain period the C.L.I. goes up from 110 to 200 and the Salary of a worker is
also raised from 330 to 500, then the real terms is
Answers
Answer:
Step-by-step explanation:
Given
During the certain period the C.L.I. goes up from 110 to 200 and the Salary of a worker is also raised from 330 to 500
Cost of living in certain period = 110
Cost of living in current year = 200
Salary of worker in certain period = 330
Salary of worker in current year = 500
Real wages for a certain period
= money wages in certain period / cost of living in certain period x 100
= 330 / 110 x 100
= 3 x 100 = 300
Real wages for current year = money wages in current year/ cost of living in current year x 100
= 500 / 200 x 100
= 2.5 x 100
= 250
So we can conclude that wage of worker had increased from 330 to 500 but his real wage had dropped from Rs 300 to Rs 250. So in real terms it is a loss of Rs 50
Step-by-step explanation:
loss by 50
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