Net monthly salary of an employee
was 3,000. The consumer price
index number in 1985 is 250 with
1980 as base year. If he has to be
rightly compensated then the
additional dearness allowance to be
paid to the employee is:
(a) 4000
(b) 4,800
(c) 5,500
(d) 4,500
Answers
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The consumer price index number in 1985 is 250 with 1980 as base year then additional dearness allowance to be paid to the employee = 4500
Step-by-step explanation:
monthly salary of an employee was 3,000 in 1980
The consumer price index number in 1985 is 250 with 1980 as base year.
if in 1980 = 100 then in 1985 = 250
if in 1980 = 1 then in 1985 = 250/100 = 2.5
if in 1980 = 3000 then in 1985 = 2.5 * 3000 = 7500
additional dearness allowance to be paid to the employee is = 7500 - 3000
= 4500
additional dearness allowance to be paid to the employee = 4500
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