You and 4 friends go out to eat. The food and beverage bill is $115. You tip 20% on just the food and beverage and tax is 8% of just the food and beverage. How much does each person leave? You and 4 friends golout to eat. The food and beverage bill is $115. Youtip 20% on just the food and beverage and tax is 8% of just the food andbeverage. How much does each person leave?29.44

Cost per person: While calculating the cost per person, we need to consider all expenses incurred…

Answered: You and 4 friends go out to eat. The…

You and 4 friends go out to eat. The food and beverage bill is $115. You tip 20% on just the food and beverage and tax is 8% of just the food and beverage. How much does each person leave?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

You and 4 friends go out to eat. The food and beverage bill is $115. You tip 20% on just the food and beverage and tax is 8% of just the food and beverage. How much does each person leave?

You and 4 friends golout to eat. The food and beverage bill is $115. You
tip 20% on just the food and beverage and tax is 8% of just the food and
beverage. How much does each person leave?
29.44

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