The cost of living index number increased from 280 to 340 during a certain time period and the wage increased from 13500 to 14750. Find the real gain or loss of the worker
Answers
Answered by
9
Answer:
money wages in certain period / cost of living in certain period x 100 ... of worker had increased from 330 to 500 but his real wage ... So in real terms it is a loss of Rs 50.
Answered by
12
Answer:
its real loss
Explanation:
If at 280 COLI 13,500 is wages the for 340 COLI we have to find tge wages so,
13,500×340
----------------- = 16,392.86
280
Therefore , Real loss = 16,392.86 - 14,750 = 1642.86
Similar questions