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Gasoline in 1920 was 20¢ a gallon, roughly ten percent of the average median annual income. To put it into perspective: An average 10,000 miles a year at 15 miles per gallon would cost about $113. Subtract that from the annual $1,500.00 household income.
The average cost for a gallon or regular gasoline in 1950 was: .27 cents (about $2.44 in 2010 dollars)
The average rent during the 1950's across the country was about $75-85/month.
$1950
no the cost of gasoline is not a chemical propety of gasoline. That is constantly changing.
In the UK it is not a substance. The biggest factor is taxation.
Data before 1950 is difficult to find. But it was probably around 19 cents. There were gasoline powered cars around the late 1800's.
Because the price of gasoline changes quite often and is not a fixed cost.
When I was a teenager in the mid 50's I remember gasoline was .25 - 30 cents a gallon so probably a barrel of oil was in the $10 range.
Cost of Goods Sold is found by using the following formula:Beginning Inventory+ Purchases= Cost of Goods Available for Sale- Ending Inventory= Cost of Goods SoldUsing the income statement:Sales- Cost of Goods Sold= Gross Profit+ Other Income- Expenses= Net Income Before Taxes- Income Tax Expense= Net Income(This formula can be manipulated to solve for the Cost of Goods Sold)
staff cost to income
david bought 15 gallons of gasoline. his total cost was $13.60. how much was the gasoline per gallon?