Question

In the 2017 fiscal year, the state of Alaska received $8.2 billion In revenues and had $7.2 billion in expenditures. What percent of the revenue was spent to the nearest whole percent?

Answer 1

To figure this out you can do 7.2/8.2, because you are trying to figure out how much of the total was used, and percentages would not be more than 100%. Doing this you would get ~.878. To convert this to a percent, you would just multiply it by 100, which would give you 87.8%. The question states to round to the nearest whole percent, leaving you with 88%. This means that 88% of the revenue was spent.

Hope that helped, don't be shy to comment on this if you have any questions about my explanation :)