The price of gasoline dropped from $2.76 to $2.44 after the holidays. Find the absolute and relative change in the price of gas.

The relative change is -13.11% and absolute change is $0.32

Step-by-step explanation:

Relative Change:

Given

Initial Value = $2.76

Final Value = $2.44

Relative change is given by the formula:

Putting the values

Absolute Change:

Absolute change is given by:

Hence,

The relative change is -13.11% and absolute change is $0.32