Use the following table. Truck current cost 2012 $ 30,000 Truck base year's cost 2008 $...
Use the following table.
| Truck current cost | 2012 | $ | 30,000 |
| Truck base year's cost | 2008 | $ | 21,000 |
Calculate the price relative. (Round your answer to the
nearest tenth percent.)
Price relative %
Homework Answers
Answer:
Calculate the price relative.
Price relative = (Current price /Base years price)*100
price relative = ($30,000/$21,000)*100
price relative = (10/7)*100
price relative = 142.9
Hence, the price relative is 142.9
Add Answer to:
Use the following table.
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