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Paige and her friends spend $62.50 on a birthday dinner. They want to leave their server a 15% tip. What amount would be reasonable for the tip?

Answer :

The amount that can be reasonable for tip is $9.375 .

What is percentage and how is it calculated?
A value or ratio that may be stated as a fraction of 100 is referred to as a percentage in mathematics. If we need to calculate a percentage of a number, we should divide it by its entirety and then multiply it by 100. The proportion therefore refers to a component per hundred. Per 100 is what the word percent means. The letter "%" stands for it.
Mathematically, Percentage formula = (Value/Total value) × 100

Given, the total value of the dinner is = $62.50 -- (ii)
The percentage of tip that Paige wants to leave = 15 --(iii)
Thus, using the formula above, the value of the tip(x) can be calculated as: Tip Value = (Percentage value*Total value)/100 -- (i)
Substituting (ii) and (iii) in (i) we get
Tip value = (15*62.50)/100 = 9.375
Thus, the amount of tip when calculated is $9.375 .

To learn more about percentage
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