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The price of a gallon of unleaded gas was $2.81 yesterday. Today, the price rose to $2.86. Find the percentage increase. Round your answer to the nearest tenth of a percent.

Question

The price of a gallon of unleaded gas was 2.81yesterday.Today,thepriceroseto2.81 yesterday. Today, the price rose to 2.86. Find the percentage increase. Round your answer to the nearest tenth of a percent.

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Solution

Sure, here are the steps to find the percentage increase:

  1. First, find the difference in price. Subtract the original price from the new price. So, 2.862.86 - 2.81 = $0.05.

  2. Next, divide the difference by the original price. So, 0.05/0.05 / 2.81 = 0.01779.

  3. To convert this to a percentage, multiply by 100. So, 0.01779 * 100 = 1.779.

  4. Finally, round to the nearest tenth of a percent. So, the percentage increase is approximately 1.8%.

This problem has been solved

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