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During the process of renovation, the family actually incurred miscellaneous expenditure of Rs. 10,200. The miscellaneous expenditure incurred by the family is what percentage of the total estimated cost?

A 9.5%

B 9%

C 8.5%

D 10.5%

E None of these

Solution

Correct Answer: Option C

Total estimated cost = 120000

Total miscellaneous expenditure = 10200

% miscellaneous expenditure of total cost =

( total miscellaneous expenditure / total estimated cost ) × 100 %

⇒ % miscellaneous expenditure = ( 10200 / 120000 ) × 100%

⇒ % miscellaneous expenditure = 8.5 %

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