Question

if the total income generated from gasoline for AER was $408 million , how much would be the cost of a gallon of gasoline

Answer 1

I found the pie chart that should accompany this problem, as well as, the choices of answer for this problem.

A $16
B $18
C $20
D $22
E $24

Total production from crude oil: 60 million barrels
Gasoline production: 34%

60 million barrels * 34% = 20,400,000

Total income: $408 million

408,000,000 / 20,400,000 = $20 choice C.