SOLUTION: Fuel inventories were lower than last year according to the San Francisco Chronicle dated Feb. 24, 2007. This year there are 31.7 million barrels of inventory, a 7.32 percent drop.

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Fuel inventories were lower than last year according to the San Francisco Chronicle dated Feb. 24, 2007. This year there are 31.7 million barrels of inventory, a 7.32 percent drop.      Log On


   

Question 302795: Fuel inventories were lower than last year according to the San Francisco Chronicle dated Feb. 24, 2007. This year there are 31.7 million barrels of inventory, a 7.32 percent drop. (a) What was the amount of inventory last year to nearest tenth? (b) What was the amount of the decrease?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
31.7(1-.0732)=31.7*.9268=29.4 million barrels.
31.7-29.4=2.3 million barrels less.