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# What is the buying power of a salary of $10,000 at the  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Intern Joined: 29 Jul 2005 Posts: 36 Followers: 0 Kudos [?]: 0 [0], given: 0 What is the buying power of a salary of$10,000 at the [#permalink]  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. Manager Joined: 14 Jul 2005 Posts: 104 Location: Sofia, Bulgaria Followers: 1 Kudos [?]: 7 [0], given: 0 [#permalink] 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 Similar topics Replies Last post Similar Topics: 3 If Ed’s annual salary is$360,000 what is Rick’s annual salary? 4 05 Mar 2015, 08:35
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What fraction of his salary did Mr. Johnson put into savings 9 09 Jan 2008, 10:25
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