Question

today's gasoline price are 3.44 dollars per gallon.One year ago, gasoline prices were 3.75 dollars per gallon.Determine the percent of change in the gasoline price from a year ago to today. Show your calculated this change and interpret its meaning in the context of this problem

Answer 1

((3.44−3.75)÷3.75)×100=−8.27%
gasoline prices decreased by 8.27%