Scenario 11-4
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 11-4. The Charlieville salary in Wrexington dollars is

Question

Quizplus · Accepted Answer

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

Scenario 11-4 Quinn Has Job Offers in Wrexington and Across the Country