SOLUTION: New York state has one of the highest gasoline taxes in the country. If gas is currently selling at $4.13 for a gallon of regular gas and the tax rate is 11.5% how much of the pric

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Question 920360: New York state has one of the highest gasoline taxes in the country. If gas is currently selling at $4.13 for a gallon of regular gas and the tax rate is 11.5% how much of the price of a gallon of gas goes towards taxes?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
P + .115P = 4.13
P(1 + .115) = 4.13
P = 4.13%2F1.115 = 3.70
....
.115*3.70 = $0.43 goes towards taxes