alexandriacatro394 alexandriacatro394

10-03-2019
Business

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Last year, megan's salary was $65,000 while the consumer price index increased from 109 to 115. if megan received a cost-of-living adjustment, what would her salary be?

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MrCreighton MrCreighton

10-03-2019

The CPI increased by 5.5% from 109 to 115, so Megan would need the same pay increase to keep up with inflation.

So 65,000 X 1.055 = 68,575

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