The price of oil decreased from $52 per barrel to $48 per barrel. What is the percentage decrease in the price of oil? Round your answer to the nearest tenth of a percent.

Question

asked Sep 14, 2022 231k views

2 Answers

JordanC · Answer 1 · 2022-09-20T06:40:58+0000

Answer:

7.7%

Explanation:

Given that,

The price of oil decreased from $52 per barrel to $48 per barrel.

We need to find the percentage decrease in the price of oil. It can be calculated as follows :

$\%=(52-48)/(52)* 100\\\\=7.69\%$

or

= 7.7%

So, the percentage decrease in the price of oil is 7.7%.