Scenario 24-4
Quinn has job offers in Wrexington and across the country in Charlieville.The Wrexington job would pay a salary of $50,000 per year,and the Charlieville job would pay a salary of $40,000 per year.The CPI in Wrexington is 150,and the CPI in Charlieville is 90.
-Refer to Scenario 24-4.The Wrexington salary in Charlieville dollars is
A)$30,000.00.
B)$33,333.33.
C)$45,000.00
D)$83,333.33.

Question

Quizplus · Accepted Answer

To convert the Wrexington salary to Charlieville dollars, we need to use the formula:
Wrexington Salary / Wrexington CPI = Charlieville Dollars / Charlieville CPI

Plugging in the values, we get:
$50,000 / 150 = Charlieville Dollars / 90

Solving for Charlieville Dollars, we get:
Charlieville Dollars = $30,000.00

Therefore, the Wrexington salary in Charlieville dollars is $30,000.00. Since this is less than the salary offered in Charlieville, the best choice would be to take the job in Charlieville.

Scenario 24-4 Quinn Has Job Offers in Wrexington and Across the Country