The price of oil recently went from 1200 to 1680 per case of

The price of oil recently went from $12.00 to $16.80 per case of 12 quarts. Find the ratio of the increase in price to the original price. The ratio is ____ (Type a simplified fraction)

Solution

The increase in price =new price - orginal price

=$16-$12=$4

The ratio of increase in price to the original price =$4/$12

=1/3

Answer

The ratio is 1/3

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