How to calculate the new gasoline price after a percentage increase in fuel costs?
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The price of gasoline increased by %. If a liter of gasoline cost $ ...
How much does it cost now?
Type of calculation: Calculating the value after a percentage increase.
Calculator usage:
Step 1: Calculate the price increase amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the percentage increase as X (10) and the previous price as Y ($5.00). The calculator will calculate 10% of $5.00.
Step 2: Add the increase amount calculated in Step 1 to the previous price.
Explanation using a formula:
We are looking for the new price of gasoline after a 10% increase from $5.00.
Amount of increase = (10 / 100) * $5.00 = 0.1 * $5.00 = $0.50
New price = $5.00 + $0.50 = $5.50
Calculator usage:
Step 1: Calculate the price increase amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the percentage increase as X (10) and the previous price as Y ($5.00). The calculator will calculate 10% of $5.00.
Step 2: Add the increase amount calculated in Step 1 to the previous price.
Explanation using a formula:
We are looking for the new price of gasoline after a 10% increase from $5.00.
Amount of increase = (10 / 100) * $5.00 = 0.1 * $5.00 = $0.50
New price = $5.00 + $0.50 = $5.50
Answer: A liter of gasoline now costs $ .