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