Consumer price index number goes up from $110$ to $200$ and the salary of a worker is also raised from $7,000$ to $12,000$. Therefore, in real terms to maintain his previous standard of living he should get an additional amount of -

The correct answer is Option a: $8500$. MTP June 24 Series I

Index NumbersMTP June 24 Series IQuestion 3929 of 187

Consumer price index number goes up from $\displaystyle 110$ to $\displaystyle 200$ and the salary of a worker is also raised from $\displaystyle 7,000$ to $\displaystyle 12,000$ . Therefore, in real terms to maintain his previous standard of living he should get an additional amount of -

\displaystyle 8500

\displaystyle 10,000

\displaystyle 9825

DNone of these

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✅ Option a — $\displaystyle 8500$

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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