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:

- First, determine the current price ($).
- The current price ($) is given as: 30.

- Next, determine the reference price ($).
- The reference price ($) is provided as: 200.

- 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** = ?**