At a Local Restaurant, $245 in Tips Is to Be

question 295

Short Answer

At a local restaurant, $245 in tips is to be shared between the server, bartender, and busboy. The server gets $20 more than three times the amount the busboy receives. The bartender gets $50 more than the amount the busboy receives. How much will the server receive? $__________

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount.

Capital Balances

The amount of money that owners have invested in a company, minus any withdrawals, often shown in the equity section of the balance sheet.

Net Income

A company's profit remaining after all expenses, taxes, and losses have been deducted.

Closing the Revenue

The process of finalizing all revenue transactions within a given period, marking the end of a business's revenue cycle for that timeframe.