To find out how much money Riley needs to earn to purchase the jacket, we need to calculate the total cost of the jacket, including sales tax.
-
Calculate the sales tax on the jacket:
- Sales tax rate = 7.25% = 0.0725
- Jacket price = $49.99
- Sales tax = Jacket price × Sales tax rate
- Sales tax = $49.99 × 0.0725 = $3.624775
-
Calculate the total cost:
- Total cost = Jacket price + Sales tax
- Total cost = $49.99 + $3.624775 ≈ $53.614775
-
Round to the nearest dollar:
- Total cost rounded to nearest dollar = $54
Therefore, Riley needs to earn $54.