Budget level 4 energy %

lindas1967

If the energy is 113.400 revise the energy price to 2.5%
There is an allowance for an energy price rise of 5%
How would you work this out please

SandyHood

The information you have given doesn't appear to be complete.
My attempt to answer it makes some assumptions.
Take the original budget figure for this year £113,400 and divide by 105% to take it back to the value without the 5% allowance.
Then multiply by 102.5% to get the revised value.
£110,700

lindas1967

Thank you very much for that I am getting ready for my exams and I am making sure I understand every question so thank you again linda