SOLUTION: A library​ expansion, begun in​ 2002, was expected to cost ​$107 million. By​ 2006, library officials estimate the cost would be ​$45 million over bu
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Question 1029207: A library expansion, begun in 2002, was expected to cost $107 million. By 2006, library officials estimate the cost would be $45 million over budget. By what percent did the actual cost exceed the initial estimate?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A library expansion, begun in 2002, was expected to cost $107 million. By 2006, library officials estimate the cost would be $45 million over budget. By what percent did the actual cost exceed the initial estimate?
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Quantity increase:: 45 million
Percent increase::: 45/107 = 42.06%
Cheers,
Stan H.
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