Question

The inflation rate on gas is 12.5%. If the price of

gas was $2.15 per gallon, what is the price today?

Answer 1

$2.275

Explanation:

Inflation rate: Increase

12.5% increase

Increase: +

So, $2.15 + 12.5%

12.5% = 0.125

2.15 + 0.125

$2.275