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max2010maxim [7]
3 years ago
6

During the financial crisis of 2008, the price of a barrel of Brent crude oil fell a high of $140 per barrel to around $50 per b

arrel. What is the percent decrease in the price of oil that occurred during this period.
Mathematics
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

  decrease of 64.3%

Step-by-step explanation:

Percentage change can be calculated from ...

  pct change = ((new value)/(original value) -1) × 100%

  = (50/140 -1) × 100%

  = (-9/14)×100% = -64 2/7% ≈ -64.3%

The price of crude fell about 64.3% in that period.

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