Question

Aubrey's annual income is $53, 000 and Mo's annual income is $38, 000. Calculate the relative change to compare Aubrey's to Mo's annual income. Explain your answer using a meaningful sentence.

Answer 1

To find the relative change in income from Mo's to Aubrey's, we subtract Mo's income from Aubrey's and divide by Mo's income, then multiply by 100%. The result is approximately 39.47%, indicating that Aubrey's income is around 39.47% higher than Mo's.

Step-by-step explanation:

To calculate the relative change in annual income when comparing Aubrey’s to Mo’s, we use the formula:

Relative Change = (New Value - Original Value) / Original Value * 100%

In this scenario, the 'New Value' is Aubrey’s income ($53,000) and the 'Original Value' is Mo’s income ($38,000). Plugging in these values, we get:

Relative Change = ($53,000 - $38,000) / $38,000 * 100% = $15,000 / $38,000 * 100% ≈ 39.47%

The relative change of Aubrey’s annual income compared to Mo’s is approximately 39.47%. This means that Aubrey’s income is about 39.47% higher than Mo’s.