Practicing Success
Consider the statement : During a certain period the cost of living index number goes from 110 to 200 and salary of a worker is also raised from ₹3,250 to ₹5,000. Based on this information, check which of the following options are correct. (A) Real wage is given by Real wage $=\frac{\text{Actual wage}}{\text{Cost of living index}}×100$ (B) Real wage of $₹3,250=\frac{₹3,250}{200}×100$ (C) Real wage of $₹3,250=\frac{₹3,250}{110}×100$ (D) Real wage of $₹5,000=₹2,600$ (E) The worker actually loses ₹454,50 in real terms Choose the correct answer from the options given below : |
(A), (B), (C) only (B), (D), (E) only (A), (C), (E) only (C), (D), (E) only |
(A), (C), (E) only |