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Answer:
$563.89: total cost of the banquet
Step-by-step explanation:
Here we can to find the total cost, including tax and tip, by adding 9.25% and 18% together first. We obtain 17.25%, which translates into the decimal fraction 0.1725 and results in the amount added to the original cost, $480.93. The result is added to $480.93:
1.0000($480.93) + 0.1725($480.93) = $563.89
A shortcut would be to find the total cost, including the original $480.93 and the additional 17.25%, by multiplying $480.93 by 1.1725:
1.1725($480.93) = $563.89: total cost of the banquet