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Complete question :
Each state imposes its own excise tax on gasoline. Suppose, for example, that the state of Massachusetts imposes a state gasoline tax of $0.26 per gallon. Suppose further that an average of 1,022,000 gallons of gasoline per day were sold in Massachusetts in 2010. The average revenue from gasoline tax in 2010 is approximately?
Answer:
$265,720
Step-by-step explanation:
Given that:
State gasoline tax = $0.26 per gallon
Average number of gasoline sold per day = 1,022,000 gallons
. From the availabke information given :
Revenue generated = gasoline tax per gallon multiplied by the average number of gallons sold
= $0.26 * 1,022,000
= $265,720
Answer:
67.5
Step-by-step explanation:
Okay so I spent way to long overthinking this problem but in the end, I just used common sense to figure this one out. *it still may be wrong though...
A way to check if this is correct is dividing 67.5 by 5 and it equals to 13.5 which should make that answer correct?
