Question 49
Cost estimated by a family in renovation of its house Total cost estimate Rs. 2,40,000
During the process of renovation the family actually incurs miscellaneous expenditure of Rs. 20,400. The miscellaneous expenditure incurred by the family is what percent of the total estimated cost?
Solution
Now Total estimated cost = 2,40,000
Now actual Miscellaneous expenditure = 20,400Â
Now therefore miscellaneous expenditure as expressed in percentage to total cost = $$\frac{20,400}{2,40,000}\times\ 100$$
= 8.5%
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