Question

The value of a car dropped from $35,600 to $30,189 over the last year. Determine the absolute and relative

change in this situation. Round your answer to the nearest hundredth.


Absolute change=


Relative change=

Answer 1

Explanation:

Given data

old price= $35,600

new price=$30,189

Absolute change= old price -new price

Absolute change=35,600-30,189

Absolute change=5411

Relative change=(old price -new price)/old

Relative change=(35,600-30,189)/35,600

Relative change=5411/35,600

Relative change=0.151

the relative change is a percentage= 0.151*100= 15.1%