Question

The price of oil recently went from ​$11.00 to ​$13.20 per case of 12 quarts. Find the ratio of the increase in price to the original price? What is the ratio in simplified fraction?

Answer 1

0.67

Explanation:

Original price = $8.10

New price = $13.50

Increase in price = 13.50−8.10=$5.40

Ratio of the increase in price to the original price = 5.40 8.10=0.67