20% = 0.20, and 0.20 * 15 = 3 Percentages can definitely be greater than 100%, especially when talking about finances and the economy, example: Gasoline is up 250% in the last 5 years ( that is just made-up, I don't know the exact percentage that gas has gone up, but you get the idea). But if that was what you were given, then you could use the number to find the price from 5 years ago. Note: if they say 'increased by; then the original amount is equal to 100%, so you have to add 100% before you can multiply.
So if something increased by 50%, you would multiply by 150% (or 1.50) to find the new price.
Rates—limit of .25 percent of gross operating revenues of investor-owned utilities; .25 percent charged on 2002 revenues. Limit of .35 percent on gross operating revenues of railroads; .267 percent charged in 2002 revenues. Applications, plate fees and per-mile rates dependent on declared combined weight of vehicle.
For more information contact the Oregon Public Utility Commission, 550 Capitol St., NE, Suite 215, Salem, OR 97301–2551, 503–378–6611, web http://www.ci.canby.or.us/8; Oregon Department of Transportation, Rail Section, 555 13th St., NE, Salem, OR 97310–1333, 503–986–4125, web http://www.ci.canby.or.us/9; Oregon Department of Transportation, Motor Carrier Transport Branch, 550 Capitol St., NE, Salem, OR 97301–3871, 503–378–6699, web http://www.traveloregon.com/0's Business Incentives.
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