Question

Year Price 2011 $2.36 2012 $2.45 2013 $3.15 2014 $2.50 2015 $3.40 From 2010 to 2011, the average price of a gallon of milk increased by 14%. What was the average price of a gallon of milk in 2010?

F. $2.07
G. $2.11
H. $2.22
J. $2.30
K. $2.69​

Answer 1

The average price of a gallon of milk in 2010 was $2.07, before a 14% increase the following year brought the price to $2.36 in 2011.

Step-by-step explanation:

The question asks to find the average price of a gallon of milk in 2010 given that it increased by 14% from 2010 to 2011, with the 2011 price being $2.36. To find the average price of a gallon of milk in 2010, we need to calculate the price increase from 2010 to 2011. According to the information given, the average price increased by 14%
Original Price = Final Price / (1 + Percentage Increase).

Substituting the given values:
Original Price = $2.36 / (1 + 0.14) = $2.36 / 1.14 = $2.07.

Therefore, the average price of a gallon of milk in 2010 was $2.07, which corresponds to option F.