The Kansas City Staron February 16, 2007 reported on the lowering prices of natural gas. With lower natural gas prices and unseasonably warm weather early this winter the forecast is that gas-heating customers will pay $825 as compared to $1,019 last year. At Kansas Gas Service, last year, the price of 1,000 cubic feet of gas was $9.95; this has been reduced by 12.1608 percent.
(a)What percent was the decrease for customer’s bills?
(b) What was the amount of decreased charge for 1,000 cubic feet of gas? Round to nearest cent.
(c) What is the new price for 1,000 cubic feet? Round to the nearest hundredth percent.
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