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What is the buying power of a salary of $10,000 at the

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What is the buying power of a salary of $10,000 at the [#permalink] New post 18 Aug 2005, 12:31
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What is the buying power of a salary of $10,000 at the present time in terms of what the same salary could have purchased N years ago?

1. The buying power of the dollar has decreased in value from $1.00 to $.60 during the past N years.
2. Because of the decrease in the buying power of the dollar, a typical article which would have cost $15 N yrs ago cost $25.
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 [#permalink] New post 18 Aug 2005, 13:15
(D) because both statements tell us that the price level has risen by 67% for N years.
10K today buy as much as 6K N years ago or
16.7K today buy as much as 10K N years ago
  [#permalink] 18 Aug 2005, 13:15
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What is the buying power of a salary of $10,000 at the

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