A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

Last week's gas prices at a local gas station decreased by 4% this Monday, but by this current weekend, they have increased by 8% The current price this weekend is _____ % of last week's prices before the changes.

  • This Question is Closed
  1. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I would just say -4% + 8% but, The initial price P decreased by 4%, on monday the price was 0.96P You now increase the price on monday by 8%

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Ok, but I don't get where the .96P comes from?

  3. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    If you let the initial price be P, then the price on Monday will be 4% less, or 96% the original Price 0.96*P mondays price

  4. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Not sure if they are asking, "but by this current weekend, they have increased by 8%" Is that 8% increase of the original Price, or the Price on Monday

  5. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    The price on Monday

  6. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ok, then you increase mondays price - (0.96)P by 8% Price on weekend is 108% of 96% of the original Price New Price = (1.08)*(0.96)*P

  7. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    So the new price is 1.0368*P or 103.68% of last weekend price P

  8. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    increase overall of 3.68%

  9. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    good?

  10. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Good. Thank you so much!!

  11. DanJS
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    welcome, anytime

  12. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.