CA Foundation Exam > CA Foundation Questions > If with rises of10% in price the wages are in...
Start Learning for Free
If with rises of10% in price the wages are increased by 20% the real wages incresed by?
Most Upvoted Answer
If with rises of10% in price the wages are increased by 20% the real w...
Calculation of Real Wage Increase
Given: Price increase = 10%
Wage increase = 20%
Formula: Real wage increase = Wage increase - Price increase
Calculation:
- Let's assume the initial price of a product is $100.
- With a 10% increase, the new price would be $110.
- If the initial wage was $100, with a 20% increase, the new wage would be $120.
Real Wage Increase:
- Real wage increase = $120 - $110
- Real wage increase = $10
Therefore, the real wage increase would be $10.
This means that even though prices increased by 10% and wages increased by 20%, the real wage increase is only $10, indicating that the increase in wages outpaced the increase in prices, resulting in a higher purchasing power for the individual.
Given: Price increase = 10%
Wage increase = 20%
Formula: Real wage increase = Wage increase - Price increase
Calculation:
- Let's assume the initial price of a product is $100.
- With a 10% increase, the new price would be $110.
- If the initial wage was $100, with a 20% increase, the new wage would be $120.
Real Wage Increase:
- Real wage increase = $120 - $110
- Real wage increase = $10
Therefore, the real wage increase would be $10.
This means that even though prices increased by 10% and wages increased by 20%, the real wage increase is only $10, indicating that the increase in wages outpaced the increase in prices, resulting in a higher purchasing power for the individual.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
If with rises of10% in price the wages are increased by 20% the real wages incresed by?
Question Description
If with rises of10% in price the wages are increased by 20% the real wages incresed by? 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 If with rises of10% in price the wages are increased by 20% the real wages incresed by? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If with rises of10% in price the wages are increased by 20% the real wages incresed by?.
If with rises of10% in price the wages are increased by 20% the real wages incresed by? 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 If with rises of10% in price the wages are increased by 20% the real wages incresed by? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If with rises of10% in price the wages are increased by 20% the real wages incresed by?.
Solutions for If with rises of10% in price the wages are increased by 20% the real wages incresed by? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of If with rises of10% in price the wages are increased by 20% the real wages incresed by? defined & explained in the simplest way possible. Besides giving the explanation of
If with rises of10% in price the wages are increased by 20% the real wages incresed by?, a detailed solution for If with rises of10% in price the wages are increased by 20% the real wages incresed by? has been provided alongside types of If with rises of10% in price the wages are increased by 20% the real wages incresed by? theory, EduRev gives you an
ample number of questions to practice If with rises of10% in price the wages are increased by 20% the real wages incresed by? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup