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An employee currently earns a salary of Rs.15,000 per year and his salary in the base year of 1990 is Rs.3,000 per year. What should be the raise in his salary in order to maintain the same standard of living with time if the CPI today is 500? |
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Answer» An employee currently earns a salary of Rs.15,000 per year and his salary in the base year of 1990 is Rs.3,000 per year. What should be the raise in his salary in order to maintain the same standard of living with time if the CPI today is 500? |
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