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During a certain period the consumer price index number goes up from 150 to 20 and the salary of the worker is raised from 350 to Rs 400 the worker does not really get gain by what amount must the wages be furtherincreased to maintain the current standard of living?
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During a certain period the consumer price index number goes up from 1...
Current Situation:
- Consumer Price Index (CPI) increases from 150 to 200.
- Worker's salary increases from Rs 350 to Rs 400.

Analysis:
- The increase in CPI indicates a rise in the cost of living.
- The worker's salary increase does not fully compensate for the rise in CPI.

Calculating Adjusted Salary:
- To maintain the current standard of living, we need to adjust the worker's salary based on the increase in CPI.
- The formula to adjust the salary is:
Adjusted Salary = (Current Salary / Initial CPI) x New CPI
- Using this formula:
Adjusted Salary = (400 / 150) x 200
Adjusted Salary = Rs 533.33

Additional Increase Needed:
- The worker needs an additional increase of Rs (533.33 - 400) = Rs 133.33 to maintain the same standard of living.
- This additional increase will offset the impact of the rise in the CPI and ensure the worker's purchasing power remains the same.
Therefore, the worker's wages must be further increased by Rs 133.33 to maintain the current standard of living.
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During a certain period the consumer price index number goes up from 150 to 20 and the salary of the worker is raised from 350 to Rs 400 the worker does not really get gain by what amount must the wages be furtherincreased to maintain the current standard of living?
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