Consumer Price index number for the year 1957 was 313 with 1940 as the base year. The Average Monthly wages in 1957 of the workers in to factory be Rs. 160/- their real wages is: Share with your friends Share 5 Vanita Rana answered this Hi Shivang, Real Wages = Money WagesCPI×100 =160313×100 = Rs 51.12 22 View Full Answer