Question

The price of a gallon of unleaded gas has risen to $2.87 today. Yesterday's price was $2.82. Find the percentage increase. Round your answer to the nearest tenth of a percent.

Answer 1

The percentage increase in price is 1.77%.

Step-by-step explanation:

To find the percentage increase in price, we need to calculate the difference between the new price and the previous price, and then divide that difference by the previous price. Finally, multiply by 100 to get the percentage.

Here's the calculation:

1. Subtract the previous price from the new price: $2.87 - $2.82 = $0.05
2. Divide the difference by the previous price: $0.05 / $2.82 = 0.0177
3. Multiply by 100 to get the percentage: 0.0177 * 100 = 1.77%

Therefore, the percentage increase in price is 1.77% (rounded to the nearest tenth of a percent).