Suppose the price of gasoline has come down to seventy-seven dollars and twenty-two cents per barrel. If this is a twenty-two percent reduction from the price per barrel 3 months ago, how much was the gasoline per barrel 3 months ago?
Answer

one hundred dollars

eighty dollars and seventy-three cents

ninety-nine dollars

ninety-nine dollars and twenty-two cents

Question

Suppose the price of gasoline has come down to seventy-seven dollars and twenty-two cents per barrel. If this is a twenty-two percent reduction from the price per barrel 3 months ago, how much was the gasoline per barrel 3 months ago?
Answer
		
one hundred dollars
		
eighty dollars and seventy-three cents
		
ninety-nine dollars
		
ninety-nine dollars and twenty-two cents

dumbcow · Answer

100-22 = 78%
0.78P = 77.22
P = 77.22/.78