Answer:
Percentage budget for Research and development is 14.81 %
Given:
Overall department budget = 534 billion dollar
Budget for Research and development = 79.1 billion dollar
To find:
Percentage budget for Research and development = ?
Formula used:
Percentage budget for Research and development =[tex]\frac{Budget for Research and development}{overall budget}[/tex]
Solution:
Percentage is given by,
Percentage budget for Research and development =[tex]\frac{Budget for Research and development}{overall budget}[/tex]
Percentage budget for Research and development = [tex]\frac{79.1}{534} \times 100[/tex]
Percentage budget for Research and development = 14.81 %
Thus, Percentage budget for Research and development is 14.81 %