EstatePass
ca-law-businessBusiness Financesmedium

In the flooring upgrade file, a cost code is $5,625 over on a $72,500 budget. What is the over-budget percentage, rounded to one decimal place?

Correct Answer

C) 7.8 percent.

The variance percentage is $5,625 / $72,500 = 7.8 percent.

Answer Options
A
6.8 percent.
B
7.2 percent.
C
7.8 percent.
D
8.5 percent.

Why This Is the Correct Answer

The variance percentage is $5,625 / $72,500 = 7.8 percent.

Was this explanation helpful?

More ca-law-business Questions

People Also Study

Related Study Resources

Practice More Contractor Exam Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your Florida General Contractor exam.

Start Practicing

Disclaimer: EstatePass is an independent exam preparation platform and is not affiliated with, endorsed by, or connected to any state contractor licensing board, the Construction Industry Licensing Board (CILB), the Department of Business and Professional Regulation (DBPR), NASCLA, Pearson VUE, PSI, or any government agency. Exam requirements, fees, and regulations change frequently. Always verify current requirements with your state's licensing board before making decisions. Information shown was last verified on the dates indicated and may not reflect the most recent changes.