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business math

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The Kansas City Star on February 16, 2007 reported on the lowering prices of natural gas. With lower natural gas prices and unseasonably warm weather early this winter the forecast is that gas-heating customers will pay $950 as compared to $1,339 last year. At Kansas Gas Service, last year, the price of 1,000 cubic feet of gas was $11.85; this has been reduced by 23.3108 percent. (Round your answers to 2 decimal places. Omit the "$" & "%" signs in your response.)

What percent was the decrease for customer's bills

What was the amount of decreased charge for 1,000 cubic feet of gas?

What is the new price for 1,000 cubic feet?

  • business math -

    What percent was the decrease for customer's bills?

    1339 - 950 = 389
    389 / 1339 = 0.2905 = 29.05%

    What was the amount of decreased charge for 1,000 cubic feet of gas?

    11.85 * 0.2331 = ?

    What is the new price for 1,000 cubic feet?

    Subtract the answer above from 11.85

  • business math -

    111

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