Meal Price + Tax + Tip ≤ $48
The tax is 7% (0.07) of the meal price:
Tax = Meal Price*(0.07)
The tip is 10% (0.10) of the meal price plus tax:
Tip = {Meal Price + Meal Price*(0.07)} *(0.10)
Substituting, we get:
Meal Price + (0.07)*Meal Price + (0.10)*Meal Price + Meal Price*(0.007) ≤ $48
(1.177)*Meal Price ≤ $48
Meal Price ≤ $48/(1.177)
Can you finish it from here? Round to the nearest cent.