Problema Solution
a Library expansion, began in 2002, was expected to cost $101 million. By 2006, library officials estimate the cost to be$38 million over budget. By what percent did the actual cost exceed the initial estimate?
Answer provided by our tutors
an expected cost of $101M ended up costing $139M, an overage of $38M
the percentage of the overage relative to the expected cost:
100.(38/101.)
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cost as expressed as a percent
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37.62
the overage was approximately 38%