SOLUTION: My 2006 budget is 172,588.52 and my 2005 was 165,458.32. The difference is 7,130.20. What is the percentage increaseover 2005 budget? Thanks Maria Perez

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: My 2006 budget is 172,588.52 and my 2005 was 165,458.32. The difference is 7,130.20. What is the percentage increaseover 2005 budget? Thanks Maria Perez      Log On


   

Question 33346: My 2006 budget is 172,588.52 and my 2005 was 165,458.32. The difference is 7,130.20. What is the percentage increaseover 2005 budget? Thanks Maria Perez
Answer by mukhopadhyay(490) About Me  (Show Source):
You can put this solution on YOUR website!
Percentage increase over 2005 budget = [(Increase Amount) / (2005 Budget)]*100
= (7130.20/165458.32)*100 = 4.31%