Relationship between real wage and money wage is given by
1
Money wage = Real wage
2
\(Real wage = \dfrac{Cost\:of\:living\:index}{Money\:wage}\times 100\)
3
\(Real wage = \dfrac{Money\:wage}{Cost\:of\:living\:index}\times 100\)
4
\(Real wage = \dfrac{Money\:wage}{Price\:relation}\times 100\)