Question

The price of oil recently went from $8.10 t0 $13.50 per case of 12 quarts. What is the ratio of the increase in price to the original pice?

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`