If the price of gasoline in Germany is about $1 per liter, what is the equivalent price of gasoline in dollars per gallon?
I know that
1 gallon =3.79 liter
l liter= 0.26 gallon
but I am not sure how to figure the cost?
$1.00 * 3.79 = ?
You must have an old book. The current German price of gasoline per gallon is $7.08.
http://www.eia.doe.gov/emeu/international/gas1.html
1 litre costs $1
so 3.79 litres cost $3.79
but 3.79 litres = 1 US gallon
so it costs $3.79 per gallon
(BTW, it is much more expensive than that in Germany.
They are currently paying about $7 per US gallon)
http://www.eia.doe.gov/emeu/international/gas1.html
Heh, Ms. Sue and I found exactly the same webpage!
What a coincidence.
Ms. Sue that's public schools for ya!
Thank you both for your help!!!
Home schoolers seem to have even older books. <g>
You're very welcome.
A gas station purchases gasoline from a refinery at the unit price of $3.20 per gallon and sells it to their customers at $3.68 per gallon.
What is the percent markup?
To figure out the equivalent price of gasoline in dollars per gallon, you can follow these steps:
1. Convert the price of gasoline from dollars per liter to dollars per gallon.
- Since 1 gallon is equal to 3.79 liters, you can divide the price per liter by 3.79 to get the price per gallon.
2. Multiply the price per gallon in dollars by the currency exchange rate between the German currency (Euro) and the US dollar.
- This step is necessary if the price you have is in Euros instead of US dollars. If it's already in US dollars, you can skip this step.
Let's assume the exchange rate is 1 Euro = 1.20 US dollars.
Here's an example calculation:
If the price of gasoline in Germany is $1 per liter, let's compute the equivalent price in dollars per gallon:
Step 1: Convert liters to gallons.
$1 per liter ÷ 3.79 liters per gallon = $0.26 per gallon
Step 2: Convert Euros to US dollars (if required).
Let's say the price is in Euros and the exchange rate is 1 Euro = 1.20 US dollars.
$0.26 per gallon × 1.20 = $0.31 per gallon
Therefore, the equivalent price of gasoline in dollars per gallon would be approximately $0.31.