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
To calculate how much money Riley needs to earn, we need to consider both the price of the jacket and the sales tax.
First, let's calculate the sales tax amount. Multiply the price of the jacket by the sales tax rate (expressed as a decimal).
Sales tax amount = $49.99 * 0.0725 = $3.62 (rounded to two decimal places)
Now, add the sales tax amount to the price of the jacket to get the total cost:
Total cost = $49.99 + $3.62 = $53.61
Therefore, Riley needs to earn at least $53.61 to purchase the new jacket.