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Suppose a business executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):?
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Suppose a business executive was earning Rs. 2050 in the base period, ...
Calculation of Salary in Current Period
To calculate the salary of the business executive in the current period, we need to use the Cost of Living Index (ZW) and the Income Index (ZIW) provided in the question.
Step 1: Finding the Conversion Factor
The conversion factor can be calculated by dividing the current Cost of Living Index (ZW) by the base period Cost of Living Index (ZW).
Conversion Factor = Current ZW / Base ZW = 25 / 25 = 1
Step 2: Finding the Adjusted Income Index
The Adjusted Income Index can be calculated by multiplying the base period Income Index (ZIW) with the Conversion Factor.
Adjusted Income Index = Base ZIW x Conversion Factor = 3544 x 1 = 3544
Step 3: Finding the Salary in Current Period
The salary in the current period can be calculated by dividing the Adjusted Income Index by the current Cost of Living Index (ZW).
Salary in Current Period = Adjusted Income Index / Current ZW = 3544 / 25 = 141.76
Therefore, the salary of the business executive in the current period should be Rs. 141.76 if his standard of living is to remain the same.
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Suppose a business executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):?
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Suppose a business executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):? 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 executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose a business executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):?.
Suppose a business executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):? 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 executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose a business executive was earning Rs. 2050 in the base period, what should be his salary in the current period if his standard of living is to remain the same? Given[ZW=25 and ZIW=3544):?.
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