Riley needs to earn enough money to purchase a new jacket the one he likes best is $50 his state sales tax is 7.25% how much money does he need to earn round to the nearest dollar

Answer 1

To find out how much money Riley needs to earn to purchase the jacket, we first need to calculate the total cost, including sales tax.

1. Calculate the sales tax: \[ \text{Sales tax} = \text{Price} \times \text{Tax rate} \] \[ \text{Sales tax} = 50 \times 0.0725 = 3.625 \]

2. Calculate the total cost: \[ \text{Total cost} = \text{Price} + \text{Sales tax} \] \[ \text{Total cost} = 50 + 3.625 = 53.625 \]

3. Round to the nearest dollar: Rounding \(53.625\) gives \(54\).

Thus, Riley needs to earn $54 to purchase the jacket.