The value of the euro was recently $1.15 U.S., and the price of 1 liter of gasoline in France is 1.42 euro. What is the price of 1 gallon of gasoline in U.S. dollars in France?

Verified step by step guidance

Convert the price of 1 liter of gasoline from euros to U.S. dollars using the given exchange rate: $1.15 \text{ U.S. dollars} = 1 \text{ euro}$. Therefore, the price in U.S. dollars is $1.42 \text{ euro} \times 1.15 \text{ U.S. dollars/euro}$.

Calculate the price of 1 liter of gasoline in U.S. dollars using the conversion from the previous step.

Convert the price from per liter to per gallon. Note that 1 gallon is approximately 3.78541 liters.

Multiply the price per liter in U.S. dollars by the number of liters in a gallon to find the price per gallon.

The result from the previous step gives the price of 1 gallon of gasoline in U.S. dollars in France.

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Key Concepts

Here are the essential concepts you must grasp in order to answer the question correctly.

Currency Conversion

Currency conversion is the process of exchanging one currency for another, based on the current exchange rate. In this case, to find the price of gasoline in U.S. dollars, we need to convert euros to dollars using the given exchange rate of $1.15 per euro.

Volume Conversion

Volume conversion involves changing measurements from one unit to another, such as liters to gallons. Since the price of gasoline is given in euros per liter, we must convert liters to gallons to find the equivalent price in U.S. dollars, knowing that 1 gallon is approximately 3.785 liters.

Unit Price Calculation

Unit price calculation determines the cost per unit of a product, which in this case is gasoline. After converting the price from euros to dollars and the volume from liters to gallons, we can calculate the price per gallon in U.S. dollars, providing a clear understanding of the cost of gasoline in France.

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