Question

The price of a gallon of gas dropped for the summer high price of $3.50 to the winter low price of $2.87. What percentage what is the price reduced?

Answer 1

To calculate the percentage decrease, subtract the final price from the initial price, divide the difference by the initial price, and multiply by 100.

Step-by-step explanation:

To find the percentage decrease in the price of gas, we need to calculate the difference between the initial price and the final price, and then divide that difference by the initial price.

In this case, the initial price is $3.50 and the final price is $2.87.

Step 1: Calculate the difference: $3.50 - $2.87 = $0.63

Step 2: Divide the difference by the initial price: $0.63 / $3.50 = 0.18

Step 3: Convert the decimal to a percentage: 0.18 * 100 = 18%

Therefore, the price of gas reduced by 18%.