3 years ago

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

Mathematics

1 answer:

IgorC [24]3 years ago

4 0

Answer:

$500

Step-by-step 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 :

$P=\dfrac{25000}{5000}\times 100\\\\P=\$500$

So, the relative price is $500.

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