Question

Oil prices are projected to increase by 50% by next March. A quart of oil currently costs $1.85. What is the projected cost of a gallon of oil next March? Round your answer to the nearest hundredth.

Answer 1

Answer:

$11.10 per gallon.

Step-by-step explanation:

There are 4 quarts in a gallon so the cost of a gallon of oil currently is 1.85×4=$7.40

If the gallon price of oil goes up 50% then our answer is: 7.40×$\frac{3}{2}$=$\frac{22.2}{2}$=11.1

The price of oil in March will be $11.10 per gallon.