We have to calculate the tip.
It is the 16 2/3% of $24.
We start by converting 16 2/3% to decimals:
[tex](16+\frac{2}{3})\%\cdot\frac{1}{100\%}=\frac{16.6667}{100}=0.166667[/tex]Now, we can calculate the tip by multiplicating this proportion by 24:
[tex]\text{tip}=0.166667\cdot24=4[/tex]Answer: the tip is $4.
