Question

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

Answer 1

$500

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=(25000)/(5000)* 100\\\\P=\$500`

So, the relative price is $500.