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Babe Ruth's 1931 salary was $80,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 20...

  1. Babe Ruth's 1931 salary was $80,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. Ruth's 1931 salary was equivalent to a 2015 salary of about

    a.

    $1,128,421
    b.

    $17,152,000
    c.

    $5,296.
    d.

    $1,247,368
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Answer #1

CPI in 1931 = 15.2

CPI in 2015 = 237

Salary in 1931 = 80000

Salary in 2015 = 80000*237/15.2 = 1247368

option(D)

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