Mr.Retchnik was paid $500 a week in 1988,the base year.By 1994 he was earning $700.If the CPI was at 140 in 1994,how much were Mr.Retchnik's real wages in that year and by what percentage had they changed?

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The Answer of Mr.Retchnik was paid $500 a week in 1988,the base year.By 1994 he was earning $700.If the CPI was at 140 in 1994,how much were Mr.Retchnik's real wages in that year and by what percentage had they changed?

MrRetchnik Was Paid $500 a Week in 1988,the Base Year