Instructions

The table below shows the estimated cost (in Rs. Lakh) of a project of laying a railway line between two places.


Question 65

It is found at the end of 1990, that the entire amount estimated for the project has been spent. If for 1991, the actual amount spent was equal to that which was estimated, by what percent (approximately) has the actual expenditure exceeded the estimated expenditure?

Solution

It is said that till 1990, all estimated cost has been spent i.e. 725.5
Then 209.5 is spent in the year 1991. Hence, that will be exceeding the cost.
So percentage increase will be = $$\frac{209.5}{725.5} \times 100$$ = 29 


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