Question

The price of oil decreased from $52 per barrel to $48 per barrel. What is the percentage decrease in the price of oil? Round your answer to the nearest tenth of a percent.

Answer 1

Answer:

7.7%

Step-by-step explanation:

Given that,

The price of oil decreased from $52 per barrel to $48 per barrel.

We need to find the percentage decrease in the price of oil. It can be calculated as follows :

$\%=\dfrac{52-48}{52}\times 100\\\\=7.69\%$

or

= 7.7%

So, the percentage decrease in the price of oil is 7.7%.