Use proportional relationships to solve the following problem. Riley needs to earn enough money to purchase a new jacket. The one he likes best is $49.99. His state sales tax is
7.25%. How much money does he need to earn? Round to the nearest dollar. (1 point)
O $3.62
O $50
O $82
O $54
To find out how much money Riley needs to earn, we'll first calculate the amount of sales tax he needs to pay on the jacket.
The sales tax rate is 7.25%, which means Riley needs to pay 7.25% of the jacket's price as sales tax.
Sales tax = 7.25% of $49.99
= (7.25/100) * $49.99
= $3.624275
By rounding to the nearest dollar, the sales tax is approximately $3.62.
Now, to determine the total amount of money Riley needs to earn, we add the price of the jacket and the sales tax:
Total amount = Price of jacket + Sales tax
= $49.99 + $3.62
= $53.61
By rounding to the nearest dollar, Riley needs to earn approximately $54.
Therefore, the answer is O $54.