Write an Equation to Represent the Problem

question 18

Multiple Choice

Write an equation to represent the problem.
-Scot and Elizabeth ate dinner at an upscale bistro. The cost of their meals plus a 16% tip was $63.52.

• A) x + 1.6x = 63.52
• B) x + 16x = 63.52
• C) x + 0.16x = 63.52
• D) x + 0.16 = 63.52

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Definitions:

Price Variance

The difference between the actual cost of a good or service and its budgeted or standard cost.

Standard Price

The pre-determined cost that a company expects to pay for goods and services.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, providing a more accurate comparison of actual to budgeted expenses.

Operating Period

This term describes the span of time during which a business operates or performs its principal activities, often measured in fiscal quarters or years.