Question

Please help!

Raul calculated that he would spend $125 on school supplies this year. He actually spent $87.50 on school supplies. What is Raul's percent of error?

42.9%
37.5%
30%
3%

Answer 1

30%
-
-
125-37.5= 87.5
I think it’s the third option

Answer 2

42.9%

Explanation:

So you would use [ ((V2 - V1) / |V1|) * 100 ]

V1 = 87.5 to V2 = 125

= ((125 - 87.5) / |87.5|) * 100

= (37.5 / 87.5) * 100

= 0.428571 * 100

= 42.8571% change

= 42.8571% increase

Then you round to 42.9!

Hope it helps! :)