10. 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.

10.

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 of $701.80

gain of $701.80

loss of $2105.40

gain of $2105.40

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10. 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 lo…

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