Answer:
The relative change from Bloomington to Kokomo is -12.449...%
Step-by-step explanation:
The fair market rental rate for Bloomington is $747 and for Kokomo is $654.
So, the amount of relative change from Bloomington to Kokomo will be: [tex](\$654-\$747)=-93[/tex] dollar.
Formula for percentage of relative change = (Amount of relative change/ Initial amount)× 100%
So, the percentage will be: [tex]\frac{-93}{747}\times 100\% =-12.449.... \%[/tex]
