SOLUTION: Paula eats lunch at a restaurant each day, and cannot change his easily, because she takes her clients out to lunch each day as part of her job. However, she is considering tipping
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Paula eats lunch at a restaurant each day, and cannot change his easily, because she takes her clients out to lunch each day as part of her job. However, she is considering tipping
Log On
Question 1124374: Paula eats lunch at a restaurant each day, and cannot change his easily, because she takes her clients out to lunch each day as part of her job. However, she is considering tipping 16% instead of her usual 20% from now on. If the meals for herself and her client usually cost a total of around $60, how much will she save per week (based on 5 work days per week) if she cuts her tips from 20% to 16%? *
Her regular payment was
(60 dollars + 0.2*60) 5 times per week = (60 + 12)*5 = 72*5 = 360 dollars.
Her updated payment will be
(60 dollars + 0.16*60) 5 times per week = (60 + 9.60)*5 = 69.6*5 = 348 dollars.
She will save 360 - 348 = 12 dollars per week.
