Question

THIS IS DUE SOON I AM GOING TO CRY HELP. In 1987 the average price of gasoline was $0.94. Today the price of gas is about $3.00. What is the percent increase from 1987 to today?

Answer 1

About 219.15% (if you were asked to round to nearest hundredths of a percent).

Explanation:

The percent change can be found by calculating:

`\frac{|\text{old-new}|}{\text{old}} \cdot 100`

`(|0.94-3.00|)/(0.94) \cdot 100`

`(|-2.06|)/(0.94) \cdot 100`

`(2.06)/(0.94) \cdot 100`

`\approx 2.191489 \cdot 100`

`219.1489`

So the answer is approximately 219.1489%.