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Sindrei [870]
3 years ago
9

Quinn has job offers in Wrexington and across the country in Charlieville. The Wrexington job would pay a salary of $50,000 per

year, and the Charlieville job would pay a salary of $40,000 per year. The CPI in Wrexington is 150, and the CPI in Charlieville is 90. Refer to Scenario 24-4. The Charlieville salary in Wrexington dollars is Select one: a. $60,000.00 b. $26,666.67. c. $66,666.67. d. $24,000.00.
Business
1 answer:
vovikov84 [41]3 years ago
6 0

Answer:

c. $66,666.67.

Explanation:

Provided that

Wrexington job paying a salary for $50,000 per year

Charlieville job paying a salary for $40,000 per year

The CPI in Wrexington is 150

The CPI in Charlieville is 90

So, by considering the above information, the Charlieville salary in Wrexington dollars is  

= Charlieville job paying a salary ×  CPI in Wrexington ÷ CPI in Charlieville

= $40,000 × 150 ÷ 90

= $66,666.67

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