Question

In February gas prices jumped from 329 to 3:49 this represents a 6.1 increase however the reverse occurs dropping from 349 to 3:29 then it is a 5.7% in decrease why are the percent decrease and percent increase values different

Answer 1

The percent increase and percent decrease values are different because they are calculated based on different starting values. When the price increases from 329 to 349, the percent increase is calculated as (349-329)/329 * 100% = 6.1%. However, when the price decreases from 349 to 329, the percent decrease is calculated as (349-329)/349 * 100% = 5.7%. The difference in starting values results in different percentage changes.

Explanation: