Calculate cost per person for equal bill splits or restaurant totals with tax and tip, based on total, people, tax rate and tip rate.
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Split Cost Formula
The following formula is used to calculate the Split Cost.
- Where SC is the Split Cost ($)
- TC is the total cost ($)
- S is the number of ways cost is being split
To calculate a split cost, divide the total cost by the number of split ways.
How to Calculate Split Cost?
The following example problems outline how to calculate Split Cost.
Example Problem #1:
- First, determine the total cost ($). The total cost ($) is given as 750.
- Next, determine the number of ways cost is being split. The number of ways cost is being split is provided as 3.
- Finally, calculate the Split Cost using the equation above:
SC = TC / #S
The values given above are inserted into the equation below:
SC = 750 / 3 = 250 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total cost ($) = 800
number of ways cost is being split = 40
Entering these values and solving gives:
SC = TC / #S = 20.00 ($)
