The price of oil decreased from $76 per barrel to $70 per barrel. What is the percentage change in oil price?
The price of oil decreased from per barrel to per barrel. What is the percentage change in oil price
The price of oil decreased from per barrel to per barrel. What is the percentage change in oil price
May 5th, 2010 at 7:34 am
=100-[(70/76)*100]
should be around -8%
(negative as in down 8%. Your answer itself will be positive)
May 5th, 2010 at 7:34 am
$76 – $70 = $6 (the change in price)
$6/$76 = .0789 or 7.9% (to round off)