How much money should you have if you want to purchase an item for $1.29, rounded to the nearest dollar?

To determine how much money you should have to purchase an item priced at $1.29, rounded to the nearest dollar, you need to apply standard rounding rules. When rounding to the nearest dollar, you look at the cents to decide whether to round up or down.

Since $1.29 has 29 cents, you would round down to $1. In this case, the nearest dollar to $1.29 is indeed $1, because 29 cents is less than 50 cents. Therefore, having $2, which is indicated in the answer provided, is more than necessary for the purchase, as you only need $1.

To summarize, if the item costs $1.29, when rounded to the nearest dollar, you actually need $1, as rounding a figure with less than 50 cents is standard practice in rounding. This clarifies that the correct amount needed should be accurately identified.