Question

Helpp

Tri-county Supply budgets 5% of the previous year's total revenue for utilities. The receipts from
the last year showed revenue of $4,500,000.00 How much will be budgeted for utilities for the
year?

Answer 1

$225,000

Step-by-step explanation:

The utility budget is 5% of the previous year's total revenue.

The previous year revenue was $4,500,000.00

The utility budget will be 5% of $4,500,000.00

=5/100 x $4,500,000.00

=0.05 x $4,500,000

=$225,000