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27.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 7 th dearness allowances 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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27.Net monthly salary of an employee was ₹3000 in 1980.The consumer pr...
Calculation of Dearness Allowance:
To calculate the dearness allowance, we need to find the increase in the cost of living from 1980 to 1985 based on the consumer price index number.

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

Step 2: Calculate the percentage increase in CPI:
Percentage Increase = (Increase in CPI / Base CPI) x 100
Percentage Increase = (150 / 100) x 100 = 150%

Step 3: Calculate the dearness allowance:
Dearness Allowance = (Percentage Increase / 100) x Net Monthly Salary in 1980
Dearness Allowance = (150 / 100) x ₹3000 = ₹4500
Therefore, the 7th dearness allowance to be paid to the employee is ₹4,500.00.
Therefore, the correct answer is:
(c) ₹4,500.00
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27.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 7 th dearness allowances 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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27.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 7 th dearness allowances 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 27.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 7 th dearness allowances 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 27.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 7 th dearness allowances 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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