SOLUTION: when paying her telephone bill lucy paid $45 instead of $40 ,what is percentage error?

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Question 1036718: when paying her telephone bill lucy paid $45 instead of $40 ,what is percentage error?
Answer by Edwin McCravy(20060) About Me  (Show Source):
You can put this solution on YOUR website!

There are two ways to do it.

First way:

We find the ratio of the mistaken amount to the correct amount:

%22%2445%22%2F%22%2440%22%22%22=%22%221.125%22%22=%22%22112.5%25

So the mistaken amount paid was 12.5% more than 100% of the correct 
amount.  I.e., subtract 100%

Answer: 12.5%

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Second way:

We subtract the right amount from the wrong amount.

$45 - $40 = $5

Then we find what percent of the right amount $5 is

%22%245%22%2F%22%2440%22%22%22=%22%221%2F8%22%22=%22%220.125%22%22=%22%22%2212.5%25%22.

Both ways are correct.  Take your pick.

Edwin