SOLUTION: A library​ expansion, begun in​ 2002, was expected to cost ​$101 million. By​ 2006, library officials estimate the cost would be ​$25 million over bu

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Question 1029043: A library​ expansion, begun in​ 2002, was expected to cost ​$101 million. By​ 2006, library officials estimate the cost would be ​$25 million over budget. By what percent did the actual cost exceed the initial​ estimate?
Answer by stanbon(75887) About Me  (Show Source):
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A library​ expansion, begun in​ 2002, was expected to cost ​$101 million. By​ 2006, library officials estimate the cost would be ​$25 million over budget. By what percent did the actual cost exceed the initial​ estimate?
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Quantity increase:: 25 million
Answer:: Percent increase:: (25/101) = 20%
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Cheers,
Stan H.