Question

At one time the price of gasoline was $1.279 a gallon. Then the price

increased 130% of the original price. What was the cost of the increase in
the price of gasoline?

Answer 1

1.6627 (money wise, $1.66)

Explanation:

Since its 130%, you know there was already a whole increase. So first you would do 1.279 + 1.279, which would give you 2.558. Then you need to calculate 30% of 1.279 for the rest of the increase. That gives you 0.3837 Add 2.558 and 0.3837 together, which would give you 2.9417. To get the INCREASE, you would have to subtract the new total from the original price, so 2.9417 - 1.279. This would give you 1.6627.