# Tip Calculator

How much is a 5 percent tip on $124.34?

## How much is a 5 percent tip on $124.34? How to calculate this tip?

Are you looking for the answer to this question: How much is a 5 percent tip on $124.34? Here is the answer.

Let's see how to calculate a 5 percent tip when the amount to be paid is 124.34. Tip is a percentage, and a percentage is a number or ratio expressed as a fraction of 100. This means that a 5 percent tip can also be expressed as follows: 5/100 = 0.05 . To get the tip value for a $124.34 bill, the amount of the bill must be multiplied by 0.05, so the calculation is as follows:

1. TIP = 124.34*5% = 124.34*0.05 = 6.217

2. TOTAL = 124.34+6.217 = 130.557

3. Rounded to the nearest whole number: 131

If you want to know how to calculate the tip in your head in a few seconds, visit the Tip Calculator Home.

## So what is a 5 percent tip on a $124.34? The answer is 6.22!

Of course, it may happen that you do not pay the bill or the tip alone. A typical case is when you order a pizza with your friends and you want to split the amount of the order. For example, if you are three, you simply need to split the tip and the amount into three. In this example it means:

1. Total amount rounded to the nearest whole number: 131

2. Split into 3: 43.67

So in the example above, if the pizza order is to be split into 3, you’ll have to pay $43.67 . Of course, you can do these settings in Tip Calculator. You can split the tip and the total amount payable among the members of the company as you wish. So the *TipCalc.net* page basically serves as a **Pizza Tip Calculator**, as well.

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