Net monthly salary of an employee was $3,000$ in $1980$. The consumer price index number in $1985$ is $250$ with $1980$ as base year. If the has to be rightly compensated then, $7^{th}$ dearness allowances to be paid to the employee is

The correct answer is Option c: $4,500.00$. MTP Oct 21

Index NumbersMTP Oct 21Question 3910 of 187

Net monthly salary of an employee was $\displaystyle 3,000$ in $\displaystyle 1980$ . The consumer price index number in $\displaystyle 1985$ is $\displaystyle 250$ with $\displaystyle 1980$ as base year. If the has to be rightly compensated then, $\displaystyle 7^{th}$ dearness allowances to be paid to the employee is

\displaystyle 4,800.00

\displaystyle 4,700.00

\displaystyle 4,500.00

DNone of these.

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✅ Option c — $\displaystyle 4,500.00$

Paper

Paper 3: Quantitative Aptitude

Weightage

4-6 Marks

Key Topics

Construction of Index Numbers, Time Series

This chapter covers Construction of Index Numbers, Time Series and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.

Exam Strategy Tip

This topic carries 4-6 Marks weightage. Focus on understanding core concepts rather than memorizing.

A statistical device for measuring changes in the magnitude of a group of related variables (like prices or production) over time.

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