1
AssignmentMultiple Choice

Variable Earnings

Question 1 • FL-2102373-Personal Finance and Money Management Honors

You decide to take your best friend out for dinner to celebrate you both starting new jobs. At the end of the meal, you receive the bill of $47.82. The service was exceptional, and you decide to leave an 18% tip. How much tip did you leave your server?

Answer
A
$7.17
B
$8.61
C
$8.77
D
$9.56

Explanation

To find an 18% tip, multiply the bill by 0.18: $47.82 × 0.18 = $8.6076. Rounded to the nearest cent, the tip is $8.61, so the correct choice is $8.61.

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