Question

Denise is going to shop with the $250.00 that she earned from doing chores. She wants to save 20% of her money to put into a savings account. She buys a pair of jeans for $75.00 and a new leather coat for $110.00, with 5% sales tax on both items. Does Denise still have the amount of money she planned to put into her savings account?

Answer 1

Yes

Explanation:

Money to put into Savings Account

20% of $250.00 = 0.2 × $250.00

= $50.00

Cost of Jeans with sales tax

$75.00 + 5% = 105% of $75.00

= 1.05 × $75.00

= $78.75

Cost of Coat with sale tax

$110.00 + 5% = 105% of $110.00

= 1.05 × $110.00

= $115.50

Total money spent

= $78.75 + $115.50

= $194.25

Money left

= $250.00 - $194.25

= $55.75

$55.75 > $50.00

As the money left is more than 20% of $250.00 she does still have the money she planned to put into her savings account.