Math  /  Word Problems

QuestionA car's value fell from \$26,200 to \$24,400. Find the absolute and relative change. Round to the nearest dollar and tenth of a percent.

Studdy Solution
Calculate the relative change.
RelativeChange=($1,800$26,200)×100%6.87%Relative\, Change = \left(\frac{\$1,800}{\$26,200}\right) \times100\% \approx6.87\%The car's value decreased by $1,800 last year, which is a relative decrease of approximately6.87%.

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