SOLUTION: In early 2012, the price of gas was $3.64. This represents a 40% increase from early 2009. What was the price of gas in early 2009?

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Question 624048: In early 2012, the price of gas was $3.64. This represents a 40% increase from early 2009. What was the price of gas in early 2009?
Answer by Alan3354(69443) About Me  (Show Source):
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In early 2012, the price of gas was $3.64. This represents a 40% increase from early 2009. What was the price of gas in early 2009?
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p = 2009 price
40% increase adds 0.4 to the price
p*1.4 = 3.64
p = $2.60