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Suppose a business excutive was earning Rs. 2,050 in the base period, what should be his salary in the current period if his standard of living is to remain the same ? Given ∑w = 25 and ∑IW = 3544:
- a)Rs. 2096
- b)Rs. 2906
- c)Rs. 2106
- d)Rs. 2306
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Suppose a business excutive was earning Rs. 2,050 in the base period, ...
First he was earning RS 2050 in the base period whose price index number is 100 as we know. Then in the current year the consumer price index become 141.76 by dividing 3544 by 25. Then we can say that 2050---100 and x---141.7 then we calculate the value x=2050*141.7/100
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Suppose a business excutive was earning Rs. 2,050 in the base period, ...
The base period index as 100 and the current period index as 120.
To find out the executive's salary in the current period, we need to use the following formula:
Salary in current period = (Salary in base period x Current period index) / Base period index
Substituting the given values, we get:
Salary in current period = (2,050 x 120) / 100
Salary in current period = 2,460
Therefore, the executive's salary in the current period should be Rs. 2,460 if his standard of living is to remain the same.
To find out the executive's salary in the current period, we need to use the following formula:
Salary in current period = (Salary in base period x Current period index) / Base period index
Substituting the given values, we get:
Salary in current period = (2,050 x 120) / 100
Salary in current period = 2,460
Therefore, the executive's salary in the current period should be Rs. 2,460 if his standard of living is to remain the same.
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Suppose a business excutive was earning Rs. 2,050 in the base period, what should be his salary in the current period if his standard of living is to remain the same ? Given ∑w = 25 and ∑IW = 3544:a)Rs. 2096b)Rs. 2906c)Rs. 2106d)Rs. 2306Correct answer is option 'B'. Can you explain this answer?
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Suppose a business excutive was earning Rs. 2,050 in the base period, what should be his salary in the current period if his standard of living is to remain the same ? Given ∑w = 25 and ∑IW = 3544:a)Rs. 2096b)Rs. 2906c)Rs. 2106d)Rs. 2306Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Suppose a business excutive was earning Rs. 2,050 in the base period, what should be his salary in the current period if his standard of living is to remain the same ? Given ∑w = 25 and ∑IW = 3544:a)Rs. 2096b)Rs. 2906c)Rs. 2106d)Rs. 2306Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose a business excutive was earning Rs. 2,050 in the base period, what should be his salary in the current period if his standard of living is to remain the same ? Given ∑w = 25 and ∑IW = 3544:a)Rs. 2096b)Rs. 2906c)Rs. 2106d)Rs. 2306Correct answer is option 'B'. Can you explain this answer?.
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