An oil company refines crude oil valued at $62/barrel and sells it to motorists at its retail outlets. The price is $2.90/U.S. gallon ($0.77/L). On a per unit basis (e.g., per gallon or per liter), by what percentage has the price increased going from crude oil before refining to final sale to the motorist?

Answer rating: 100% (QA)

to calculate the price increase percentage 1 Convert the price of crude ... View the full answer