budgeting question
AGI2015
Registered Posts: 45
Hi,
Can anyone help me with the below question :
energy = 113400
revise the energy price to 2,5%
there is an allowance of energy price to 5%
The answer is : 110700 ??!
Can anyone help me with the below question :
energy = 113400
revise the energy price to 2,5%
there is an allowance of energy price to 5%
The answer is : 110700 ??!
0
Comments

Hi,
It has been a while since I have looked at Budgeting, however I arrive at the correct answer by breaking it down like this.
If the allowance for energy is 5%, then 113400 is equal to 105%
Divide 113400 by 105 and then multiply it by 100 you will arrive at the original 100% amount which is 108000
You then need to adjust your energy up 2.5% so divide 108000 by 100 and multiply it by 102.5 you will arrive at your answer of 110700
There maybe a simpler way to calculate this but the above is the way my brain organises it.1 
113400/105% + (2.5%)
113400/105% =108000 ORIGINAL PRICE
108000+2.5%= 110700 REVISED PRICE
SIMPLE!
HOPE THIS HELPS
0
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