Question

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

Answer 1

Let x be the price of the highest priced CD Connie can buy, then
1.05x = 15
x = 15/1.05 = $14.29

Therefore, the highest priced CD Connie can buy is priced $14.29