Answer:
14.29
Explanation:
Let p be the price of the cd
we take the price of the cd plus the tax and it must be less than or equal to 15
the tax is the price of the cd times 5 %
p + p*.05 ≤15
Combine like terms
p*1.05 ≤15
Divide each side by 1.05
p ≤15/1.05
p ≤14.28571429
Rounding to the nearest cent
p ≤14.29
The maximum price is 14.29