Question

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

Answer 1

In order to determine the required percentage, calculate the quotient in between 177 and 1,477, and multiply the result of this by 100, as follow:

(177/1,477)(100) = 11.98 ≈ 12%

Hence, the cost exceeded 12% of the budgeted cost