Sean Malloy made $360,000 in 2002,the base year.By 2006 he was earning $480,000.If the CPI rose 120 by 2006,how much were his real wages that year,and by what percentage had they changed?

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The Answer of Sean Malloy made $360,000 in 2002,the base year.By 2006 he was earning $480,000.If the CPI rose 120 by 2006,how much were his real wages that year,and by what percentage had they changed?

Sean Malloy Made $360,000 in 2002,the Base Year