Answer:
7.7%
Step-by-step explanation:
Given that,
The price of oil decreased from $52 per barrel to $48 per barrel.
We need to find the percentage decrease in the price of oil. It can be calculated as follows :
[tex]\%=\dfrac{52-48}{52}\times 100\\\\=7.69\%[/tex]
or
= 7.7%
So, the percentage decrease in the price of oil is 7.7%.
