Supplies for last year cost $1,477, which was $177 over budget. Rounded to the nearest 1%, by what percent did the cost exceed the budgeted cost?

Question

Mathematics

Lucille Shelton

1 July, 11:00

Supplies for last year cost $1,477, which was $177 over budget. Rounded to the nearest 1%, by what percent did the cost exceed the budgeted cost?

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Answers (2)

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Jaida Gill · Answer 1

Rounded to the nearest 1%, the cost exceeded the budget by 12%

Joselyn Schmitt · Answer 2

If the budget was $177 over that means that the original budget was $1300 (which represents 100%).

1% of the 1300 budget is $13

Than the over budget of $177 is divided by 13 to find out the percentage.

177:13 = 13,61%

Round up and we have a 14% over budget expenses