Problema Solution
a library expansion, begun in 2002, was expected to cost $101 million. By 2006, library officals estimated the cost would be $29 million over budget. By what percent did the actual cost exceed the initial estimate?
Answer provided by our tutors
We divide the $29 millions over the budget with the expected cost to find the percentage
29/101 = 0.2871 or by 28.71%
the actual cost exceeded the initial estimate by 28.71%.