In 1995, the cost of unleaded gasoline was $.95 per gallon. In 2010 the same type of gasoline costs $3.00 per gallon. To determine the amount of change, we have to use the what?

Question

In 1995, the cost of unleaded gasoline was $.95 per gallon.  In 2010 the same type of gasoline costs $3.00 per gallon.  To determine the amount of change, we have to use the what?

PsyDAG · Answer

The amount of change in absolute terms is: $3.00 - $.95 = ? The proportional amount of change is: (3.000 - .95)/.95 = ? Are either of these what you are seeking?