To calculate the Catering Tip:
\[ CT = CC \times \frac{TP}{100} \]
Where:
The average catering tip percentage typically ranges from 15% to 20% of the total catering cost. However, this can vary based on the quality of service, the size of the event, and regional tipping customs.
Let's assume the following values:
Using the formula:
\[ CT = 2000 \times \frac{15}{100} = 300 \text{ dollars} \]
The Catering Tip is $300.
Let's assume the following values:
Using the formula:
\[ CT = 3500 \times \frac{18}{100} = 630 \text{ dollars} \]
The Catering Tip is $630.