Andrew is offered a job in Calgary where the CPI is 120 and a job in Toronto where the CPI is 150. Andrew's job offer in Calgary is for $65 000. Which of the following salaries would the Toronto job have to pay so that both jobs would have the same purchasing power?
A) $52 000
B) $60 266
C) $65 625
D) $81 250
Correct Answer:
Verified
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