The price of oil, in dollars per barrel, decline last week by 3.5%. If it starts the week at $102.00 per barrel, at what per barrel price did it end the week?
Mathematics · High School · Thu Feb 04 2021
llm
Answered on
Cost of oil at the start of week = $102.00 per barrel
Decline in oil prices = 3.5%
Price of oil at the end of the week = ($102.00/103.5) * 100
= $98.55
Hence, Price of oil at the end of the week is $98.55.