Question

Justin has $27 to buy a gift for his cousin Julie and he found a gift for $25 with 5% sales tax added on what doesn't have enough money to buy the gift for Julie and if so how much will he pay?

Answer 1

Justin has enough money to buy the $25 gift with a 5% sales tax. The sales tax adds $1.25 to the cost, making it $26.25 in total. Justin will have $0.75 left after the purchase.

Step-by-step explanation:

To determine if Justin has enough money to buy the gift for Julie, we need to calculate the total cost including the sales tax. The cost of the gift is $25, and the sales tax rate is 5%. First, we convert the sales tax rate from a percentage to a decimal by dividing by 100, which gives us 0.05. We then multiply the cost of the gift by the sales tax rate to find the amount of sales tax.

$25.00 × 0.05 = $1.25

Next, we add the sales tax to the original price to find the total cost of the gift.

$25.00 + $1.25 = $26.25

Since Justin has $27, we compare the total cost of the gift with what Justin has.

$27.00 - $26.25 = $0.75

Justin will have $0.75 remaining after paying for the gift and sales tax, which means he has enough money to buy the gift. The total amount he will pay is $26.25.