Question 10
If a woman making a year receives a cost-of-living increase of , what will her new salary be?
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After a cost-of-living increase of , her new salary can be calculated by taking her current salary and multiplying it by , which equals . So, her new salary will be , which amounts to approximately .

Talking about cost-of-living adjustments, did you know that these increases are often linked to inflation rates? Employers typically look at changes in the Consumer Price Index (CPI) to determine how much employees’ salaries should rise to maintain their purchasing power over time. It’s a nifty mechanism to help workers keep up with rising costs without sacrificing their lifestyle!