Question
The CPI for the current year is 108. In the first year of Rovinder's employment contract the CPI was 102 and he was earning $50
The CPI for the current year is 108. In the first year of Rovinder's employment contract the CPI was 102 and he was earning $50 000. If his salary is fully indexed to the CPI, how much is Rovinder's salary in the current year (rounded to the nearest dollar)?
a) $52 788
b) $52 941
c) $53 000
d) $54 000
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
