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Six-way split of a bill plus 20 percent tip

Question

Six friends share a restaurant bill of $132.67 and add a 20%20\% tip. If they split the total evenly, how much does each person pay?

Short answer

About $26.53. The total with tip is 1.2×132.67=159.2041.2\times132.67=159.204 dollars, and dividing by 66 gives 26.53426.534 dollars each. A quick mental route: 132.67/6≈22.11132.67/6\approx22.11, then multiply by 1.21.2.

Adapted from Crack, Heard on the Street, Q1.61, p.20; question and answer rewritten by SelfMadeQuant.com.

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