Enter the current price ($) and the reference price ($) into the Relative Price Calculator. The calculator will evaluate and display the Relative Price. 

Relative Price Formula

The following formula is used to calculate the Relative Price. 

RP = CP / Ref
  • Where RP is the Relative Price ($/$)
  • CP is the current price ($) 
  • RP is the reference price ($) 

To calculate a relative price, divide the current price by the reference price.

How to Calculate Relative Price?

The following example problems outline how to calculate Relative Price.

Example Problem #1:

  1. First, determine the current price ($).
    1. The current price ($) is given as: 30.
  2. Next, determine the reference price ($).
    1. The reference price ($) is provided as: 200.
  3. Finally, calculate the Relative Price using the equation above: 

RP = CP / Ref

The values given above are inserted into the equation below:

RP = 30 / 200 = .15 ($/$)

Example Problem #2: 

For this problem, the variables needed are provided below:

current price ($) = 70

reference price ($) = 150

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer. 

RP = CP / Ref = ?