Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

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 :

Options:

(A), (B), (C) only

(B), (D), (E) only

(A), (C), (E) only

(C), (D), (E) only

Correct Answer:

(A), (C), (E) only