1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on rent for the event. Write the formula you used and the percentage you calculated, to two decimal places, in the cell below. Hint: Use order of operations principles for the formula. (5 points) 2013 Countywide IT Professional Society (CIPS) Summer Budget

June July August
Event rent $195.00 $225.00 $130.00 $550.00
Refreshments $47.00 $55.00 $68.00 $170.00
Website hosting fee $10.00 $10.00 $10.00 $30.00
Administrative costs $45.00 $33.00 $55.00 $133.00
Expenses $297.00 $323.00 $263.00
Sponsored at $200/event -200 -200 -200
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