Tessa takes her friends out to lunch and the total cost of the meal is $120.30. The restaurant then added the 20% tip to the cost of the meal. How much money was added for the tip?
$144.36
$24.06
$6.02
$12.03
To find the tip amount, we need to multiply the cost of the meal by 20% (or 0.2), which represents the percentage added for the tip.
Tip amount = 0.2 x $120.30 = $24.06
Therefore, the answer is $24.06.