Question

The sales tax rate in connecticut is 6.35%. Megan wants to buy a jacket with a $45 price tag. She has a gift card to the store she wants to use. What amount needs to be on the gift card for Megan to be able to buy the jacket using only the gift card?

Answer 1

To calculate the amount needed on the gift card for Megan to be able to buy the jacket using only the gift card, we need to add the sales tax rate of 6.35% to the price of the jacket.

The price of the jacket is $45, so we can calculate the sales tax by multiplying $45 by 6.35% (0.0635).

$45 * 0.0635 = $2.86

The total cost of the jacket including sales tax is $45 + $2.86 = $47.86.

Therefore, Megan needs a gift card with at least $47.86 on it to buy the jacket using only the gift card.

Explanation:

Answer 2

$47.82

Explanation:

If the price of the jacket is $45 and the sales tax rate in Connecticut is 6.35%, then the total price Megan will need to pay for the jacket including tax is:

$45 + ($45 x 6.35%) = $47.82

To calculate the amount that needs to be on the gift card for Megan to buy the jacket using only the gift card, we simply subtract the total price of the jacket from $0:

$0 - $47.82 = -$47.82

Therefore, Megan needs a gift card with at least $47.82 on it to be able to buy the jacket using only the gift card.