Question

Annual CPI values

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

184.00

188.9

195.3

201.6

207.342

215.303

214.537

218.056

224.939

229.594

232.957

QRINC offered new employees a starting salary of $54,172 in 2013. What would a comparable starting salary have been in 2003? (round to the nearest dollar)

Sep 15, 2020

just multiply the salary by the ratio of the CPI for those two years.

Sep 15, 2020

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