Find the total to the nearest cent $24 lunch 15% tip.
The Correct Answer and Explanation is:
To find the total cost of a $24 lunch with a 15% tip, follow these steps:
Step 1: Find the tip amount
Multiply the cost of lunch by the tip percentage:Tip=24×0.15=3.60\text{Tip} = 24 \times 0.15 = 3.60Tip=24×0.15=3.60
Step 2: Add the tip to the original cost
Total=24+3.60=27.60\text{Total} = 24 + 3.60 = 27.60Total=24+3.60=27.60
Final Answer:
$27.60
300-Word Explanation:
When calculating the total amount to pay after adding a tip, the first step is to determine the amount of the tip itself. In this case, the original price of the lunch is $24, and you are giving a 15 percent tip. A percent represents a part of 100, so 15 percent means 15 out of every 100. To find how much 15 percent of $24 is, you multiply $24 by 0.15.
This gives a tip amount of $3.60. You then add this tip to the original bill to get the final total. So you take $24 and add $3.60, which results in $27.60. This is the total amount you would pay, including both the meal and the tip.
This process is very common in real-life situations, especially at restaurants or services where tipping is expected. Knowing how to calculate percentages helps you avoid under-tipping or over-tipping and gives you confidence in managing your money properly.
Also, rounding to the nearest cent is standard when dealing with money. In this case, the numbers were exact and no rounding was needed. But if the tip or total had been something like $3.645 or $27.597, you would round those to $3.65 or $27.60 respectively. Rounding ensures you are paying an amount that is accurate and accepted in currency format, which only goes to two decimal places in dollars and cents.
