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The consumer price index changes from 117.6 to 140.2. By how much percentage wise should your...

The consumer price index changes from 117.6 to 140.2. By how much percentage wise should your employer increase your wage if he wants to keep your purchasing power constant? Round to two decimal places and do not enter a % sign.

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Answer #1

By how much percentage wise should your employer increase

=(140.2/117.6)-1

=19.22%

the above is answer

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