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Net monthly salary of an employee was 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowance to be paid to the employee is ? (a) 4.800.00 (b) 4,700.00 (c) 4,500.0 (d) None of these?
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Net monthly salary of an employee was 3000 in 1980. The consumer price...
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4,500.0
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Net monthly salary of an employee was 3000 in 1980. The consumer price...
Calculation of 7th Dearness Allowance:

Step 1: Calculate the increase in CPI
Increase in CPI = (CPI in 1985 - CPI in 1980) = (250 - 100) = 150

Step 2: Calculate the increase in salary
Increase in salary = Net monthly salary in 1980 * (Increase in CPI / CPI in 1980)
= 3000 * (150 / 100) = 4500

Step 3: Calculate the 7th Dearness Allowance
7th Dearness Allowance = Increase in salary - Net monthly salary in 1980
= 4500 - 3000 = 1500
Therefore, the 7th Dearness Allowance to be rightly compensated to the employee is 1500.
So, the correct option is:
(c) 4,500.00
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Net monthly salary of an employee was 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowance to be paid to the employee is ? (a) 4.800.00 (b) 4,700.00 (c) 4,500.0 (d) None of these?
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Net monthly salary of an employee was 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowance to be paid to the employee is ? (a) 4.800.00 (b) 4,700.00 (c) 4,500.0 (d) None of these? 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 Net monthly salary of an employee was 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowance to be paid to the employee is ? (a) 4.800.00 (b) 4,700.00 (c) 4,500.0 (d) None of these? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net monthly salary of an employee was 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowance to be paid to the employee is ? (a) 4.800.00 (b) 4,700.00 (c) 4,500.0 (d) None of these?.
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