Carina is going to shop with the $120.00 that she earned from doing chores. She wants to save 25% of her money to put into a savings account. She buys a shirt for $36.00 and a new coat for $40.00, with 5% sales tax on both items. Does Carina still have the amount of money she planned to put into her savings account?
First, we need to find out how much Carina plans to put into her savings account. To do this, we'll calculate 25% of $120.00:
$120.00 * 0.25 = $<<120*0.25=30.00>>30.00
Next, we need to calculate the total cost of the shirt and coat. To do this, we'll add together the cost of each item:
$36.00 + $40.00 = $<<36+40=76.00>>76.00
To find out how much the sales tax is on both items, we'll calculate 5% of the total cost:
$76.00 * 0.05 = $<<76*0.05=3.80>>3.80
Now we'll add the sales tax to the total cost of the items to find the total amount that Carina spent:
$76.00 + $3.80 = $<<76+3.8=79.80>>79.80
Finally, we'll subtract the total amount spent from Carina's original savings goal to find out if she still has the amount of money she planned to put into her savings account:
$30.00 - $79.80 = -$49.80
Carina does not have the amount of money she planned to put into her savings account.