the price of gas on wednesday was $2.03/gallon. on friday, the price of gas was $2.26. what is the percent change in the price of gas?
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the price of gas on wednesday was $2.03/gallon. on friday, the price of gas was $2.26. what is the percent change in the price of gas?
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Given :
- Price of Gas on Wednesday = $2.03
- Price of Gas on Friday = $2.26
To find :
- the percent change in the price of gas.
Formula :
- The formula for finding the percent change.
→ Percent Change = Change of Price/Original Price × 100
Solution :
⇒ Let's find the Change of price.
Change of Price = 2.26 - 2.03
= 0.23
= $ 0.23
⇒ Let's find the Percent of Change.
→ Percent Change = Change of Price/Original Price × 100
= 0.23/2.03 × 100
= 0.23 × 100/2.03
= 23/2.03
= 11.3% (approx)
- Therefore, the Percent Change in the price of gas is 11.3% (approx).
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