Question

During the financial crisis of 2008, the price of a barrel of Brent crude oil fell from a high of $140 per barrel to around $50 per barrel. What is the percentage change in the price of oil that occurred during this period? Round your answer to the nearest tenth of a percent.

Answer 1

Answer: 35.7%

Step-by-step explanation:

140$ / 100% = 1.4$ per 1%

Next 50$ / 1.4% = 35.71

Round 35.71 to closest tenth so it would be 35.7