Question

A worker earned Rs 15,000 per month in 2015, when the Consumer Price Index was 250. If the base period is 2000, what are his earnings per month in 2015 in terms of value of Rs. in the year 2000?
1. Rs 37,500
2. Rs 6,000
3. Rs 10,000
4. Rs 27,500

Answer 1

Correct Answer - Option 2 : Rs 6,000

Given

A worker earned Rs 15,000 per month in 2015

the Consumer Price Index was 250

Calculation

Let the earning per month be x

According to question

⇒ 1500 = x × 250/100

⇒ x = (15000 × 100)/250

⇒ x = Rs.6000

∴ His earnings per month in 2015 in terms of value of Rs. in the year 2000 is Rs.6000