In 2002 your annual salary was $50 000 and in 2007 your annual salary is $75 000. The CPI in 2002 was 136 and the CPI in 2007 was 156.1. Which of the following is the percentage change in your real income from 2002 to 2007?
A)50% increase in real income from 2002 to 2007.
B)33.33% increase in real income from 2002 to 2007.
C)30.69% increase in real income from 2002 to 2007.
D)None of these choices are correct.

Question

Quizplus · Accepted Answer

The Answer is C

In 2002 Your Annual Salary Was $50 000 and in 2007