By what percentage has the price increased going

Reference no: EM13706926

Question: An oil company refines crude oil valued at $62/barrel and sells it to motorists at its retail outlets. The price is $4/U.S. gallon ($1.06/L). On a per unit basis (e.g., per gallon or per liter),

Part I: By what percentage has the price increased going from crude oil before refining to final sale to the motorist?

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Reference no: EM13706926

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