For this case we have:
Let p be the highest price of the TV that Meg can buy
We have to:
5% of p is given by:
[tex]0.05p[/tex]
So, we have:
[tex]p + 0.05p = 350[/tex]
Clearing p we have:
[tex]1.05p = 350[/tex]
[tex]p=\frac{350}{1.05}\\p=333.33[/tex]
Thus, the highest price of the television that Meg purchases should be [tex]p = 333.33[/tex]dollars.
Answer:
[tex]p + 0.05p = 350\\p = 333.33[/tex]