Your yearly office supply budget is $1200, you spend $350 each year on paper. What percent of your budget do you spend on paper (Round off your answer to two places
350/1200 = 0.291666666 = 29.17%
To find the percentage of your budget spent on paper, follow these steps:
Step 1: Calculate the percentage by dividing the amount spent on paper by the total budget, and then multiply by 100.
Percentage = (Amount spent on paper / Total budget) * 100
Step 2: Substitute the actual values into the formula.
Percentage = ($350 / $1200) * 100
Step 3: Perform the arithmetic calculations.
Percentage = 0.2917 * 100
Percentage = 29.17%
Therefore, you spend approximately 29.17% of your budget on paper.