A business executive and his client are charging their dinner tab on the executive's expense account.The company will only allow them to spend a total of 50$ for the meal.Assuming that they will pay 7% in sales tax for the meal and leave a 20% tip,what is the most their food can cost?	Pick.
A) 39.55$	B) 40.63$	C) 38.63$	D) 37.88$	E) 35.15$
let x is the cost of the food   1.07x is the gross bill after including sales tax   1.20* 1.07x=50   x=37.88   Hence, the correct option is 38.63$
<result>C</result>
A business executive and his client are charging their dinner tab on the executive's expense account.The company will only allow them to spend a total of 50$ for the meal.Assuming that they will pay 7% in sales tax for the meal and leave a 20% tip,what is the most their food can cost?