Now try this example. suppose you earn $400 a week and inflation averages just 3 percent this year. by what percent
do your wages need to increase to stay even with inflation? (6)
to find out what this percent is in
dollars, write the percent as a decimal (7)
- and multiply by your weekly salary of $400. your raise
would need to be (8) $
- for a total weekly salary of (9) $
- just to maintain your
purchasing power. to increase your purchasing power by only 1 percent, what would you need to earn each week?
(10)