The price of a gallon of unleaded gas has dropped to $2.82 today. Yesterday's price was $2.87. Find the percentage decrease. Round your answer to the nearesttenth of a percent.__ %

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Answer

1.7%

Step-by-step explanation

Percentage decrease is found as follows:

[tex]\text{ \% Decrease}=(-100)\times\frac{final\text{ - initial}}{initial}[/tex]

In this case, the final value is $2.82 and the initial value is $2.87. Substituting these values into the formula, we get:

[tex]\begin{gathered} \text{ \% decrease}=(-100)\times\frac{2.82-2.87}{2.87} \\ \operatorname{\%}\text{ decrease }=(-100)\times\frac{-0.05}{2.87} \\ \operatorname{\%}\text{ decrease }=1.7\text{ \%} \end{gathered}[/tex]