Connie has saved up $15 to purchase a new CD from the local store. The sales tax in her county is 5% of the sticker price. Write an equation and solve it to determine the value of the highest priced CD Connie can purchase with her $15, including the sales tax. Round your answer to the nearest penny.
x + 0.05x = 15; x = $14.29
x - 0.05x = 15; x = $15.79
0.5x = 15; x = $30
5x = 15; x = $3.00
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OpenStudy (mertsj):
Do you know how to calculate sales tax?
OpenStudy (anonymous):
No
OpenStudy (mertsj):
Do you live in a place that has a sales tax?
OpenStudy (anonymous):
Yes
OpenStudy (mertsj):
What percent is the sales tax in your state?
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OpenStudy (anonymous):
Idk im not sure
OpenStudy (mertsj):
Let's say it is 6%.
OpenStudy (anonymous):
ok
OpenStudy (mertsj):
That means if you buy something that costs $20 you have to pay the $20 plus the sales tax. The sales tax is 6% of $20 which is .06 x $20 which is $1.20.
OpenStudy (mertsj):
So even though the item only costs $20 you have to pay $20 + $1.20 which is $21.20
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OpenStudy (mertsj):
Do you understand that?
OpenStudy (anonymous):
Yes
OpenStudy (mertsj):
So in your example, the sales tax is 5% and the item you are buying costs x dollars. Can you pick out the correct answer now?
OpenStudy (anonymous):
Well ik it cant be B or C right?
OpenStudy (mertsj):
Right
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OpenStudy (anonymous):
So Would It Be A?
OpenStudy (mertsj):
The cost of the item is x
The sales tax is .05 x
How much would you have to pay for the item?