Question

The tuition at a private college is increasing from $52,500 to $60,500. Find the absolute change and

relative change in tuition.
Absolute change:
Relative change:
Round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer.

Answer 1

Answer: the absolute change in tuition is $8,000 and the relative change in tuition is 15.2%.

Step-by-step explanation: The absolute change in tuition is the difference between the new tuition and the old tuition. Therefore:

Absolute change = New tuition - Old tuition

Absolute change = $60,500 - $52,500

Absolute change = $8,000

The relative change in tuition is the ratio of the absolute change to the old tuition, expressed as a percentage. Therefore:

Relative change = (Absolute change / Old tuition) x 100%

Relative change = ($8,000 / $52,500) x 100%

Relative change = 15.2%