Questions on Algebra in Finance answered by real tutors!

Algebra -> Algebra -> Finance -> Questions on Algebra in Finance answered by real tutors! (Log On)

Problems, free tutors

Click here to see ALL problems on Finance

Question 153467: If a client wants to spend Total of $25.00 on food, including the tax (7.75%) and the tip (20%), what is the price of the food alone. Is there some sort of an equation or a formula?
: If a client wants to spend Total of $25.00 on food, including the tax (7.75%) and the tip (20%), what is the price of the food alone. Is there some sort of an equation or a formula?

Answer by vleith(1156) (Show Source):
You can put this solution on YOUR website!
This is a bit fuzzy as problems go. Is the tip 20% of the original bill, or 20% of the bill after the tax?
Let's assume it is 20% of the original bill.
Then the total cost is given as $25.
The tax is 7.75% of the CostOfFood =
The tip is 20% of the CostOfFood =
The total cost is