{"id":166361,"date":"2024-11-13T16:05:22","date_gmt":"2024-11-13T16:05:22","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=166361"},"modified":"2024-11-13T16:05:24","modified_gmt":"2024-11-13T16:05:24","slug":"find-the-total-cost-to-the-nearest-cent","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2024\/11\/13\/find-the-total-cost-to-the-nearest-cent\/","title":{"rendered":"Find the total cost to the nearest cent"},"content":{"rendered":"\n<p>Find the total cost to the nearest cent.<br>62 dinner; 20% tip<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-6-color\"><strong>The Correct Answer and Explanation is :<\/strong><\/mark><\/p>\n\n\n\n<p>To find the total cost with a 20% tip for 62 dinners, let\u2019s go through the steps and explanation carefully.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step-by-Step Solution<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Cost of Dinners<\/strong>:<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The total dinner bill before any tip is given as $62.<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Calculating the Tip<\/strong>:<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The tip percentage is 20%.<\/li>\n\n\n\n<li>Convert the percentage to a decimal by dividing by 100. So, 20% becomes 0.20.<\/li>\n\n\n\n<li>Calculate the tip amount by multiplying the dinner bill by the tip percentage:<br>[<br>\\text{Tip} = 62 \\times 0.20 = 12.40<br>]<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Finding the Total Cost<\/strong>:<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To find the total, add the tip to the original dinner bill:<br>[<br>\\text{Total Cost} = 62 + 12.40 = 74.40<br>]<\/li>\n<\/ul>\n\n\n\n<p>Thus, the total cost with a 20% tip is <strong>$74.40<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Explanation<\/h3>\n\n\n\n<p><strong>Breaking Down the Calculation Process<\/strong>:<br>Calculating the total cost with a tip involves understanding percentages and basic arithmetic. A percentage represents a fraction out of 100, so when you see &#8220;20%,&#8221; it means 20 out of every 100. Here, we are adding 20% of the total dinner bill to the original amount to account for the tip.<\/p>\n\n\n\n<p><strong>Converting Percent to Decimal<\/strong>:<br>To calculate percentages as part of a math operation, you convert them into decimals. This is done by dividing the percentage by 100. In this case, 20% becomes 0.20, which makes the calculation more straightforward.<\/p>\n\n\n\n<p><strong>Why Add the Tip to the Original Cost<\/strong>:<br>The tip is a customary way to show appreciation for service in many places, often calculated as a percentage of the total bill. Adding it to the original amount gives the full payment, which includes both the cost of the meal and the tip.<\/p>\n\n\n\n<p><strong>Rounding to the Nearest Cent<\/strong>:<br>Most financial calculations involving money are rounded to the nearest cent (two decimal places) for simplicity and accuracy in real-life transactions, as it aligns with the smallest currency denomination (pennies). Here, our calculation already results in a value rounded to two decimal places, so the final total remains $74.40.<\/p>\n\n\n\n<p>In summary, calculating a tip is a straightforward but essential skill in budgeting for expenses in dining, shopping, and services where tipping is customary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find the total cost to the nearest cent.62 dinner; 20% tip The Correct Answer and Explanation is : To find the total cost with a 20% tip for 62 dinners, let\u2019s go through the steps and explanation carefully. Step-by-Step Solution Thus, the total cost with a 20% tip is $74.40. Explanation Breaking Down the Calculation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-166361","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/166361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=166361"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/166361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=166361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=166361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=166361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}