From the given question
There are given that the car dropped from $30,600 to $28,800.
Now,
First, find the absolute change;
Then,
From the formula of absolute change:
[tex]\text{Absolute change=}\lvert endingquantity-startinquantity\rvert[/tex]Where;
The ending quantity is $28800 and starting quantity is 30600.
Then,
[tex]\begin{gathered} \text{Absolute change=}\lvert endingquantity-startinquantity\rvert \\ \text{Absolute change=}\lvert28800-30600\rvert \\ \text{Absolute change=}\lvert-1800\rvert \\ \text{Absolute change=1}800 \end{gathered}[/tex]And,
From the formula of relative change:
[tex]\text{relative change=}\frac{absolute\text{ change}}{\text{starting quantity}}[/tex]Then,
[tex]\begin{gathered} \text{relative change=}\frac{absolute\text{ change}}{\text{starting quantity}} \\ \text{relative change=}\frac{1800}{30600} \\ \text{relative change=}0.0588 \end{gathered}[/tex]Hence, the value of absolute change is 1800 and the value of relative change is 0.0588.
