What is the current salary if the purchasing power is $2000
We will use \(\frac{28}{36}\) ratio, to determine the salary of a person , if the purchasing power of that person is $ 2,000.
As, @@MATH_TOKEN_1@@ ratio states that , 28% of your income is allowed for housing finances and 36 % of your salary is for Debt Purposes.
As, Given
Purchasing Power(Housing finances)= $ 2,000
Let Monthly income of the Person = $ x
28 % of x= 2,000
@@MATH_TOKEN_2@@
So, Current Salary of Person = $ 7143 (approx)