suring the Cost of Living dAssignment | Read Chapter 6| Back to Assignment Due S

Question

suring the Cost of Living dAssignment | Read Chapter 6| Back to Assignment Due Sunday 01.21.18 at 11:00 Suppose you are offered a job in Vancouver where the CPI is 135 and a job in Thunder Bay where the CPI is 115. If your job offer in Vancouver is for $55,000 per year, how high would the job offer in Thunder Bay have to be so the salary from both jobs give you the same purchasing power? Round your answer to the nearest dollar. 14. Please enter a whole number, with no decimal point. Continue without savin Copyright NoticesTerms of Use Privacy Notice Security Notice Accessibility

Explanation / Answer

The salary should be in the same ratio as the CPI, thus 55,000x115/135=46852 should be given as the salary.

So, the answer is 46852.

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