Question

Alec must purchase 14 identical shirts and only has $\$130$. There is a flat $\$2$ entrance fee for shopping at the warehouse store where he plans to buy the shirts. The price of each shirt is the same whole-dollar amount. Assuming a $5\%$ sales tax is added to the price of each shirt, what is the greatest possible price (in dollars) of a shirt that would allow Alec to buy the shirts

Answer 1

Assuming a 5% sales tax, the greatest possible price (in dollars) that would allow Alec to buy 14 shirts for $130 is $8.70 per shirt.

What is the sales price?

The sales price represents the price at which a unit is sold, excluding other costs like sales tax.

Data and Calculations:

Number of shirts required = 14

Funds available for the purchase = $130

Entrance fee for shopping = $2

Net funds available for the purchase = $128 ($130 - $2)

Sales tax = 5%

Sales price plus tax = $9.14 ($128/14)

Sales price less tax = $8.70 ($9.14/1.05)

Thus, assuming a 5% sales tax, the greatest possible price (in dollars) that would allow Alec to buy 14 shirts for $130 is $8.70 per shirt.

Learn more about determining sales prices at https://brainly.com/question/16710746

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