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 $50
per barrel. What is the percentage change in the price of oil that occurred during this period? Round your answer to the nearest tenth of a percent.
1 answer:
Answer: 35.7%
Step-by-step explanation:
140$ / 100% = 1.4$ per 1%
Next 50$ / 1.4% = 35.71
Round 35.71 to closest tenth so it would be 35.7
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