If janet buys a bag for $45.50 and the tax is 5% and she has $60, will she have enough money to buy a $12 movie ticket?

In this equation, we're trying to find if she has enough money to buy a $12 movie ticket.

We know that she buys a bag for $45.50, with a 5% tax rate. Let's calculate the total cost of the bag after tax.

45.50 · 1.05 = 47.775

Round to the nearest hundredths place

$47.78

She spent $47.78 on the bag.

She has $60, so calculate how much money she has left.

60 - 47.78 = 12.22

She has $12.22 left to spend.

This means that she has enough money to buy the movie ticket.

She would also have 22 cents left to spare.

Yes, she has enough money to buy the movie ticket