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Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100…

Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100…
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Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100. if the cpi this year is 110, her new salary is:

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User Varsha
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1 Answer

5 votes
Her new salary will be 10% bigger. Her new salary is $44,000.
answered
User Bill Watts
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