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 60$ for the meal.Assuming that they will pay 7% in sales tax for the meal and leave a 15% tip,what is the most their food can cost?  Choose the correct choice from the following answers:
A) 39.55$
B) 40.63$
C) 41.63$
D) 42.15$
E) 48.7$
let x is the cost of the food   1.07x is the gross bill after including sales tax   1.15* 1.07x=60   x=48.7   Hence, the correct option is 48.7$
<result>E</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 60$ for the meal.Assuming that they will pay 7% in sales tax for the meal and leave a 15% tip,what is the most their food can cost?