Question

James has saved $35.25. He wants to save his money to buy a bicycle that costs $85.00. His brother's bike cost $92.00. If sales tax is 8%, about how much more must he save to purchase his bike, including tax? A. $55 B. $60 C. $50 D. $70

Answer 1

The cost of the bike James wants to buy including tax would be:

$85.00 + 8%($85.00) = $85.00 + $6.80 = $91.80

The total amount James needs to save is:

$91.80 - $35.25 = $56.55

So he needs to save about $56.55 more.

However, none of the given answer choices match this exact amount, so the closest option would be A. $55.