Question

The price of gas on Wednesday was 52.03/gallon. On Friday, the price of gas was $2.26. What is the percent change in the price of gas?

Answer 1

Percent change in the price of gas is
`9.85\%`

Explanation:

Percentage change equals the change in value divided by the absolute value of the original value, multiplied by .

`\text { Percentage Change }=(\Delta V)/(\left|V_(1)\right|) * 100`

Here

`\Delta V=2.26-2.03\\\\=0.23\$/gallon`

`V_(1)=2.03\$/gallon`

The percent change in the price of gas

`=(0.23)/(2.03) *100\\\\=9.85\%`

Percent change in the price of gas is
`9.85\%`