Question

2. A gallon of gas cost $3.50 at the

beginning of the month. At the e
of the month it cost $3.75. What
was the percent change in the
price of a gallon of gas?

Answer 1

Answer: 0.071%

Explanation:

To get from $3.50 - $3.75, there was an increase of $0.25.

(Sorry if I'm getting the currency bit wrong, I'm British.)

Divide 0.25 by the original cost of 3.50, and you get:

0.07142857142857142857142857142857

Round this and you get a 0.071% increase

Answer 2

The percent change in the price of a gallon of gas is 0.0714%.

Explanation:

Given;

• A gallon of gas costs $3.50 at the beginning of the month.
• At the end of the month it costs $3.75.

Here, The price increased from $3.50 to $3.75, a change of $0.25.

To find

• What is the percent change.

Formula

• 
  `(changed \: \: price)/(original \: \: price) * 100\% \\`

So,

$0.25 ÷ $3.50 × 100% = 0.0714%

Thus, The percent change in the price of a gallon of gas is 0.0714%.