John wong makes $63,800 per year maintaining a self-storage business. he was notified of a 3.3% raise in a year in which the cpi index increased by 4.4%. find the gain or loss in his purchasing power.

loss = - 672.3

Step-by-step explanation:

According to the given statement John was notified of a 3.3% raise in a year. It shows the income increases.

Raise in a year = 3.3% =0.033

Raise = old income * 0.033 = 63,800*0.033 =$ 2105.4

New income = $63,800 + $ 2105.4 = $65905.4

Now the statements states that CPI index increased by 4.4%

Then,

the price index of previous year = 100

and the price index of this year = 100+4.4 = 104.4

100/104.4 = x/65905.4

By cross multiplication:

x = 65905.4 × 100 / 104.4

x=63127.7

Therefore the change in his purchasing power is   $63127.7 - $63,800

= - 672.3

The answer contains negative sign which shows loss in purchasing power

Hence loss = - 672.3

black/brown

step-by-step explanation:

well, you see here, jamal was born to 2 parents, his mother who he lives with and his father who left at a young age and who happens to be younger than him. he stole cookies because he has to steal food due to the fact that he spends his government poverty checks on pot and women.