Question

financial literacy a restaurant bill comes to $28.35. find the total cost if the tax is 6.25% and a 20% tip is left on the amount before tax. (example 3)

Explanation:

Step1: Calculate the tip amount

The tip is 20% of the bill before tax. So, tip = \( 28.35 \times 0.20 \)
\( 28.35 \times 0.20 = 5.67 \)

Step2: Calculate the tax amount

The tax is 6.25% of the bill before tax. So, tax = \( 28.35 \times 0.0625 \)
\( 28.35 \times 0.0625 = 1.771875 \)

Step3: Calculate the total cost

Total cost = Bill + Tip + Tax = \( 28.35 + 5.67 + 1.771875 \)
\( 28.35 + 5.67 = 34.02 \)
\( 34.02 + 1.771875 = 35.791875 \)

Answer:

\$35.79 (rounded to the nearest cent) or \$35.791875 (exact value)