Babe Ruth’s 1931 salary was $80,000. Government statistics show a consumer price index

| November 24, 2016

Question
Babe Ruth’s 1931 salary was $80,000. Government statistics show a consumer price index of 15.2 for 1931 and 195 for 2005. Ruth’s 1931 salary was equivalent to a 2005 salary of about….? (Please list the steps you took/formula used to get to the answer)

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