Answer to Question #297180 in Financial Math for Ella

Question #297180

The consumer price index (CPI) rose from 105.9 to 113.4, while Helen's net salary decreased 7.0 %. Calculate the relative real change in Helen's salary (purchasing power) as percentage.

Expert's answer

113.4-105.9=7.5,

7.5/105.9=0.070821, 0.070821 *100%=7.0821%

7.0821%-7.0%=0.0821%

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