2010 AMC 8 Problems/Problem 3

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Problem

The graph shows the price of five gallons of gasoline during the first ten months of the year. By what percent is the highest price more than the lowest price?

[asy] import graph; size(16.38cm); real lsf=2; pathpen=linewidth(0.7); pointpen=black; pen fp = fontsize(10); pointfontpen=fp; real xmin=-1.33,xmax=11.05,ymin=-9.01,ymax=-0.44; pen ycycyc=rgb(0.55,0.55,0.55); pair A=(1,-6), B=(1,-2), D=(1,-5.8), E=(1,-5.6), F=(1,-5.4), G=(1,-5.2), H=(1,-5), J=(1,-4.8), K=(1,-4.6), L=(1,-4.4), M=(1,-4.2), N=(1,-4), P=(1,-3.8), Q=(1,-3.6), R=(1,-3.4), S=(1,-3.2), T=(1,-3), U=(1,-2.8), V=(1,-2.6), W=(1,-2.4), Z=(1,-2.2), E_1=(1.4,-2.6), F_1=(1.8,-2.6), O_1=(14,-6), P_1=(14,-5), Q_1=(14,-4), R_1=(14,-3), S_1=(14,-2), C_1=(1.4,-6), D_1=(1.8,-6), G_1=(2.4,-6), H_1=(2.8,-6), I_1=(3.4,-6), J_1=(3.8,-6), K_1=(4.4,-6), L_1=(4.8,-6), M_1=(5.4,-6), N_1=(5.8,-6), T_1=(6.4,-6), U_1=(6.8,-6), V_1=(7.4,-6), W_1=(7.8,-6), Z_1=(8.4,-6), A_2=(8.8,-6), B_2=(9.4,-6), C_2=(9.8,-6), D_2=(10.4,-6), E_2=(10.8,-6), L_2=(2.4,-3.2), M_2=(2.8,-3.2), N_2=(3.4,-4), O_2=(3.8,-4), P_2=(4.4,-3.6), Q_2=(4.8,-3.6), R_2=(5.4,-3.6), S_2=(5.8,-3.6), T_2=(6.4,-3.4), U_2=(6.8,-3.4), V_2=(7.4,-3.8), W_2=(7.8,-3.8), Z_2=(8.4,-2.8), A_3=(8.8,-2.8), B_3=(9.4,-3.2), C_3=(9.8,-3.2), D_3=(10.4,-3.8), E_3=(10.8,-3.8); filldraw(C_1--E_1--F_1--D_1--cycle,ycycyc); filldraw(G_1--L_2--M_2--H_1--cycle,ycycyc); filldraw(I_1--N_2--O_2--J_1--cycle,ycycyc); filldraw(K_1--P_2--Q_2--L_1--cycle,ycycyc); filldraw(M_1--R_2--S_2--N_1--cycle,ycycyc); filldraw(T_1--T_2--U_2--U_1--cycle,ycycyc); filldraw(V_1--V_2--W_2--W_1--cycle,ycycyc); filldraw(Z_1--Z_2--A_3--A_2--cycle,ycycyc); filldraw(B_2--B_3--C_3--C_2--cycle,ycycyc); filldraw(D_2--D_3--E_3--E_2--cycle,ycycyc); D(B--A,linewidth(0.4)); D(H--(8,-5),linewidth(0.4)); D(N--(8,-4),linewidth(0.4)); D(T--(8,-3),linewidth(0.4)); D(B--(8,-2),linewidth(0.4)); D(B--S_1); D(T--R_1); D(N--Q_1); D(H--P_1); D(A--O_1); D(C_1--E_1); D(E_1--F_1); D(F_1--D_1); D(D_1--C_1); D(G_1--L_2); D(L_2--M_2); D(M_2--H_1); D(H_1--G_1); D(I_1--N_2); D(N_2--O_2); D(O_2--J_1); D(J_1--I_1); D(K_1--P_2); D(P_2--Q_2); D(Q_2--L_1); D(L_1--K_1); D(M_1--R_2); D(R_2--S_2); D(S_2--N_1); D(N_1--M_1); D(T_1--T_2); D(T_2--U_2); D(U_2--U_1); D(U_1--T_1); D(V_1--V_2); D(V_2--W_2); D(W_2--W_1); D(W_1--V_1); D(Z_1--Z_2); D(Z_2--A_3); D(A_3--A_2); D(A_2--Z_1); D(B_2--B_3); D(B_3--C_3); D(C_3--C_2); D(C_2--B_2); D(D_2--D_3); D(D_3--E_3); D(E_3--E_2); D(E_2--D_2); label("0",(0.88,-5.91),SE*lsf,fp); label(" 5",(0.3,-4.84),SE*lsf,fp); label(" 10",(0.2,-3.84),SE*lsf,fp); label(" 15",(0.2,-2.85),SE*lsf,fp); label(" 20",(0.2,-1.85),SE*lsf,fp); label("$\mathrm{Price}$",(0.16,-3.45),SE*lsf,fp); label("$1$",(1.54,-5.97),SE*lsf,fp); label("$2$",(2.53,-5.95),SE*lsf,fp); label("$3$",(3.53,-5.94),SE*lsf,fp); label("$4$",(4.55,-5.94),SE*lsf,fp); label("$5$",(5.49,-5.95),SE*lsf,fp); label("$6$",(6.53,-5.95),SE*lsf,fp); label("$7$",(7.55,-5.95),SE*lsf,fp); label("$8$",(8.52,-5.95),SE*lsf,fp); label("$9$",(9.57,-5.97),SE*lsf,fp); label("$10$",(10.56,-5.94),SE*lsf,fp); label("Month",(7.14,-6.43),SE*lsf,fp); D(A,linewidth(1pt)); D(B,linewidth(1pt)); D(D,linewidth(1pt)); D(E,linewidth(1pt)); D(F,linewidth(1pt)); D(G,linewidth(1pt)); D(H,linewidth(1pt)); D(J,linewidth(1pt)); D(K,linewidth(1pt)); D(L,linewidth(1pt)); D(M,linewidth(1pt)); D(N,linewidth(1pt)); D(P,linewidth(1pt)); D(Q,linewidth(1pt)); D(R,linewidth(1pt)); D(S,linewidth(1pt)); D(T,linewidth(1pt)); D(U,linewidth(1pt)); D(V,linewidth(1pt)); D(W,linewidth(1pt)); D(Z,linewidth(1pt)); D(E_1,linewidth(1pt)); D(F_1,linewidth(1pt)); D(O_1,linewidth(1pt)); D(P_1,linewidth(1pt)); D(Q_1,linewidth(1pt)); D(R_1,linewidth(1pt)); D(S_1,linewidth(1pt)); D(C_1,linewidth(1pt)); D(D_1,linewidth(1pt)); D(G_1,linewidth(1pt)); D(H_1,linewidth(1pt)); D(I_1,linewidth(1pt)); D(J_1,linewidth(1pt)); D(K_1,linewidth(1pt)); D(L_1,linewidth(1pt)); D(M_1,linewidth(1pt)); D(N_1,linewidth(1pt)); D(T_1,linewidth(1pt)); D(U_1,linewidth(1pt)); D(V_1,linewidth(1pt)); D(W_1,linewidth(1pt)); D(Z_1,linewidth(1pt)); D(A_2,linewidth(1pt)); D(B_2,linewidth(1pt)); D(C_2,linewidth(1pt)); D(D_2,linewidth(1pt)); D(E_2,linewidth(1pt)); D(L_2,linewidth(1pt)); D(M_2,linewidth(1pt)); D(N_2,linewidth(1pt)); D(O_2,linewidth(1pt)); D(P_2,linewidth(1pt)); D(Q_2,linewidth(1pt)); D(R_2,linewidth(1pt)); D(S_2,linewidth(1pt)); D(T_2,linewidth(1pt)); D(U_2,linewidth(1pt)); D(V_2,linewidth(1pt)); D(W_2,linewidth(1pt)); D(Z_2,linewidth(1pt)); D(A_3,linewidth(1pt)); D(B_3,linewidth(1pt)); D(C_3,linewidth(1pt)); D(D_3,linewidth(1pt)); D(E_3,linewidth(1pt)); clip((xmin,ymin)--(xmin,ymax)--(xmax,ymax)--(xmax,ymin)--cycle);[/asy]

$\textbf{(A)}\ 50 \qquad \textbf{(B)}\ 62 \qquad \textbf{(C)}\ 70 \qquad \textbf{(D)}\ 89 \qquad \textbf{(E)}\ 100$

Solution

The highest price was in Month 1, which was $17. The lowest price was in Month 3, which was $10. 17 is $\frac{17}{10}\cdot100=170\%$ of 10, and is $170-100=70\%$ more than 10. Therefore, the answer is $\boxed{\textbf{(C)}\  70}$

Video by MathTalks

https://youtu.be/EEbksvfujhk

Video Solution by WhyMath

https://youtu.be/ra1A86-EoAY

See Also

2010 AMC 8 (ProblemsAnswer KeyResources)
Preceded by
Problem 2
Followed by
Problem 4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
All AJHSME/AMC 8 Problems and Solutions

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