What is the absolute change and what is the relative change, Accounting Basics

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What is the absolute change and what is the relative change

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The MBTA] provides 1.3 million rides each weekday ... The proposed increases - a one-way subway ride, now $1.70 with the reloadable CharlieCard and $2 with paper CharlieTicket, could rise to as much as $2.40 and $3, respectively - would be the largest by percentage since 1949, ...the advisory group said fares should rise no more than 25 percent, acknowledging the need for more money but wary of pricing people off the system. Such a far increase would generate about $80 million..."

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