SOLUTION: the price of oil recently went from 12.00 to 14.40 per case of 12 quarts. Find the ratio of the increase in price to the original price.

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: the price of oil recently went from 12.00 to 14.40 per case of 12 quarts. Find the ratio of the increase in price to the original price.      Log On


   

Question 1007602: the price of oil recently went from 12.00 to 14.40 per case of 12 quarts. Find the ratio of the increase in price to the original price.
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Well the increase is 14.40 - 12.00 = 2.40.
The ratio of that increase to the original price of 12.00 is
2.40%2F12+=+1%2F5