Question

On April 1, the price of gas at Bob’s Corner Station was $3.50 per gallon. On May 1, the price was $4.00 per gallon. On June 1, it was back down to $3.50 per gallon.

Answer 1

Note:

The question was incomplete.  Hence, most probably (researched) questions and their answers are given below.

Updated Question:

On April 1, the price of gas at Bob’s Corner Station was $3.50 per gallon. On May 1, the price was $4.00 per gallon. On June 1, it was back down to $3.50 per gallon.

Q1 and Q2: Between April 1 and May 1, Bob’s price increased by$___, or ___% .

Q3 and Q4: Between May 1 and June 1, Bob’s price decreased by$___, or ___%.

Answers:

1. $0.5
2. 14.29%
3. $0.5
4. 12.50%

Explanation:

Q1:

Price on April 1 = $3.50

Price on May 1 = $4.00

Increased price between April 1 and May 1= (4.0-3.5) = $0.5

Q2:

$Percentage Increase=\frac{Difference}{Original Value}*100 \\Percentage Increase=\frac{0.5}{3.5}*100\\Percentage Increase= 14.29%$

Q3:

Price on May 1 = $4.00

Price on June 1 = $3.50

Decreased price between May 1 and June 1= (4.0-3.5) = $0.5

Q4:

$Percentage Decrease=\frac{Difference}{Original Value}*100 \\Percentage Decrease=\frac{0.5}{4.0}*100\\Percentage Decrease= 12.50%$