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(Solved): In February, gas prices jumped from $3.29 to $3.49. This represents a 6.1% increase. However, if the ...



In February, gas prices jumped from $3.29 to $3.49. This represents a 6.1% increase. However, if the reverse occurs (dropping from $3.49 to $3.29), then it is a 5.7% decrease. Why are the percent decrease and percent increase values different? Is it possible for percent increase and percent decrease to be the same (if so, give an example)? Is it possible to have a percent increase greater than 100%? Similarly, is it possible to have a percent decrease greater than 100%?



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