Step 1: Recall the potential formula.
The electric potential at distance $r$ from a point charge $q$ is \[ V = k\frac{q}{r} \] where $k$ is Coulomb's constant.
Step 2: Spot the dependence.
In this formula $r$ sits in the bottom of the fraction to the first power. So \[ V \propto \frac{1}{r} \]
Step 3: Test by doubling distance.
If we double $r$, the potential becomes \[ V' = k\frac{q}{2r} = \frac{1}{2}V \] So twice the distance gives half the potential. This matches the inverse relation.
Step 4: Compare with field.
Note the electric field falls as $1/r^2$, but the potential falls more slowly as $1/r$. Do not mix the two.
Step 5: Rule out the others.
Choices like $1/r^2$, $r$, or $r^2$ do not match the simple $1/r$ behavior of the potential.
Step 6: State the answer.
The potential is proportional to the inverse of the distance. \[ \boxed{V \propto \frac{1}{r}} \]