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 Charlieville salary in Wrexington dollars is
A)$24,000.00.
B)$26,666.67.
C)$60,000.00
D)$66,666.67.

Question

Quizplus · Accepted Answer

To convert the Charlieville salary to Wrexington dollars, use the formula: (Charliville Salary) * (CPI in Wrexington / CPI in Charlieville) = $40,000 * (150 / 90) = $66,666.67.

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