Final answer:
To find the percent of error, you can use the formula: Percent error = [(Actual value - Expected value) / Expected value] x 100. In this case, Paul's percent of error is -30.6%.
Step-by-step explanation:
To find the percent of error, you can use the formula:
Percent error = [(Actual value - Expected value) / Expected value] x 100
In this case, Paul's expected spending was $125 and his actual spending was $94.50. Plugging these values into the formula, we get:
Percent error = [(94.50 - 125) / 125] x 100 = -30.6%
Therefore, Paul's percent of error is -30.6%.