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9 votes
Today the price of a Jeep is $25,000. In 1970, the price was $5,000. What's the price relative?

User Nleslie
by
5.4k points

1 Answer

11 votes

Answer:

$500

Explanation:

Today the price of a Jeep is $25,000.

In 1970, the price was $5,000.

We need to find the relative price. It can be calculated as follows :


P=(25000)/(5000)* 100\\\\P=\$500

So, the relative price is $500.

User Bitluck
by
5.3k points
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