Index NumbersMTP June 23 Series IQuestion 3919 of 167
All Questions

The cost of living index number in year $2015$ and $2018$ were $97.5$ and $115$ respectively. The salary of a worker in $2015$ was $195000$. How much additional salary was required for him in $2018$ to maintain the same standard of living as in $2015$?

Options

A$3000$
B$4000$
C$3500$
D$4500$
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Correct Answer

Option c$3500$

All Options:

  • A$3000$
  • B$4000$
  • C$3500$
  • D$4500$

About This Chapter: Index Numbers

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.

View Official ICAI Syllabus

Exam Strategy Tip

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

Key Concepts to Understand

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