Question

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

Answer 1

If the budget was $177 over that means that the original budget was $1300 ( which represents 100% ).

1% of the 1300 budget is $13

Than the over budget of $177 is divided by 13 to find out the percentage.

177:13 = 13,61%

Round up and we have a 14% over budget expenses

Answer 2

Rounded to the nearest 1%, the cost exceeded the budget by 12%