Question

THIS IS DUE SOON I AM GOING TO CRY HELP. In 1987 the average price of gasoline was $0.94. Today the price of gas is about $3.00. What is the percent increase from 1987 to today?

Answer 1

Answer:

About 219.15% (if you were asked to round to nearest hundredths of a percent).

Step-by-step explanation:

The percent change can be found by calculating:

$\frac{|\text{old-new}|}{\text{old}} \cdot 100$

$\frac{|0.94-3.00|}{0.94} \cdot 100$

$\frac{|-2.06|}{0.94} \cdot 100$

$\frac{2.06}{0.94} \cdot 100$

$\approx 2.191489 \cdot 100$

$219.1489$

So the answer is approximately 219.1489%.