Question

From last year, the price of gasoline has increased from $1.25 per gallon to $1.75 per gallon. The new price is what percent of the original price?

A. 72%
B. 120%
C. 140%
D. 160%

Answer 1

The new price of gasoline, which is $1.75 per gallon, is 140% of the original price of $1.25 per gallon.

Step-by-step explanation:

The student is asking about the percentage change in the price of gasoline. To find what percent $1.75 is of $1.25, we use the formula for percentage: (New Value / Original Value) × 100%. The calculation for this situation would be ($1.75 / $1.25) × 100% = 1.4 × 100% = 140%. Therefore, the new price of $1.75 per gallon is 140% of the original price of $1.25 per gallon.

The price of gasoline has increased by $0.50 per gallon, going from $1.25 to $1.75. To find the percentage increase, you divide the increase by the original price and then multiply by 100. In this case, ($0.50 / $1.25) * 100 equals a 40% increase. Therefore, the new price of $1.75 is 140% of the original price of $1.25.

The percentage increase reflects the proportional change from the initial cost, providing a clear understanding of the price hike in terms of percentage growth.