Tax and Tip

The video tutorial explains how to calculate tax and tip on a restaurant bill. It begins by defining tax and tip, then demonstrates how to calculate a 7% tax on a $50 meal. Next, it shows how to calculate a 20% tip on the same bill. Finally, it combines the bill, tax, and tip to find the total cost of the meal, which is $63.50. The lesson aims to teach viewers how to perform these calculations using percentages and basic arithmetic.

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