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Connie has saved up $15 to purchase a new CD from the local store. The sales tax in her county is 5% of the sticker price. Write an equation and solve it to determine the value of the highest priced CD Connie can purchase with her $15, including the sales tax. Round your answer to the nearest penny.


x + 0.05x = 15; x = $14.29


x - 0.05x = 15; x = $15.79


0.5x = 15; x = $30


5x = 15; x = $3.00

Verified Answer :

W0lf93

The maximum amount that Connie can pay for a new CD is $15, so we will keep this on one side of our equation. Next, we equate this to the sum of the CD's price and the tax. Let x represent the price of the CD. The sales tax applied will be 0.05x. Therefore, we get the equation
15 = x + 0.05x.
Solving:
15 = 1.05x
x = $14.29
The first option is correct.

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