The fair market rental rate for Bloomington is $747 and for Kokomo is $654. The relative change from Bloomington to Kokomo is __

Question

2 years ago

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___%.

1 answer:

irina1246 [14] · Answer 1 · 2022-06-09T07:27:46+03:00

Answer:

<em>The relative change from Bloomington to Kokomo is -12.449...%</em>

Step-by-step explanation:

The fair market rental rate for Bloomington is $747 and for Kokomo is $654.

So, the amount of relative change from Bloomington to Kokomo will be: $(\$654-\$747)=-93$ dollar.

<em>Formula for percentage of relative change = (Amount of relative change/ Initial amount)× 100%</em>

So, the percentage will be: $\frac{-93}{747}\times 100\% =-12.449.... \%$