Leslie is offered a job in Seattle that pays $50,000.She is also offered a job in Boston that pays $60,000.Which set of CPIs below would make the two salaries have almost the same purchasing power?

Question

Quizplus · Accepted Answer

To compare purchasing power, divide the salary by the CPI. For Seattle: $50,000/83.3 = $600.24. For Boston: $60,000/100 = $600. The purchasing powers are almost the same.

Leslie Is Offered a Job in Seattle That Pays $50,000