Question

An average price of a slave was about 800 British pounds in late 1700s. At the same time, an average annual pay was about 200 British pounds in the Colonial America. Of an average pay in today’s California is about $30,000 what would an average slave cost today

Answer 1

$120,000

Step-by-step explanation:

Data provided in the question

Average price of a slave = 800 British pounds

Average annual pay = 200 British pounds

Average pay in today California = $30,000

So, by considering the above information , the average slave cost today is

= Average pay in today California × (Average price of a slave ÷ Average annual pay)

= $30,000 × (800 British pounds ÷ 200 British pounds)

= $120,000

Basically we applied the unitary method for this question