The national average cost for gas in the year 2000 was $1.51 a gallon. Currently, the average for a gallon of gas is $3.57. What is the percent of change?

Question

A
150% increase

B
120% increase

C
136% increase

D
77% increase

Answer 1

To find the percent of change, we can use the formula:

Percent of change = (Final value - Initial value)/Initial value * 100%

In this case, the initial value is $1.51 and the final value is $3.57.

So the percent of change = (3.57 - 1.51)/1.51 * 100% = 1.06/1.51 * 100% ≈ 70.2%

Therefore, the percent of change is approximately a 70.2% increase.

None of the choices provided match this answer, so the correct choice is not listed.