Andrew Is Offered a Job in Calgary Where the CPI

question 167

Multiple Choice

Andrew is offered a job in Calgary where the CPI is 120 and a job in Toronto where the CPI is 150. Andrew's job offer in Calgary is for $65 000. Which of the following salaries would the Toronto job have to pay so that both jobs would have the same purchasing power?

• A)$52 000
• B)$60 266
• C)$65 625
• D)$81 250

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