At a restaurant, if a party has eight or more people, the gratuity is automatically added to the bill. If x is the cost of the meal, then the total bill C(x) with a 20% gratuity and a 5% sales tax is given by: C(x) = x + 0.05x + 0.20x. Evaluate C(176) and interpret the meaning in the context of this problem. Round to the nearest cent.
If the cost of the food is $176, then the total bill including tax and tip is $228.80.