At a restaurant the cost of the meal before tax was $40the tax is 8.5% and Frankie wants to leave at least an 18%tip. Explain how to approximately the total cost of the meal.
Answers
Answer:
To figure out the tip, you need to find 20% of $52.60.
0.2×52.6=10.52
You should leave $10.52 for the waiter if you want to leave him exactly 20%.
To figure the tax, you need to find 8% of $52.60.
0.08×52.6=4.208
Next, add them up:
52.6+10.52+4.208=67.328
The total bill, including tax and tip, will be $67.33.
Solution :-
given that,
→ Cost of meal before tax = $ 40
and,
→ Tax = 8.5%
So,
→ Total tax paid = 8.5% of cost of meal = (40 * 8.5)/100 = $ 3.4
now,
→ Tip = 18% of cost of meal = (18 * 40)/100 = $ 7.2
then,
→ Total cost of the meal = Cost of meal before tax + Total tax paid + Tip = 40 + 3.4 + 7.2 = $50.6 ≈ $51 (Ans.)
Shortcut :-
→ Total cost of the meal = Cost of meal * (100% + 8.5% tax + 18% tip) = 40(1 + 0.085 + 0.18) = 40 * 1.265 = $50.6 ≈ $51 (Ans.)
Note :- Here tip was given according to pre tax amount .
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