## About Budget Percent Calculator (Formula)

The Budget Percent Calculator is a simple tool that calculates the percentage difference between a planned budget and the actual budget amount spent.

**The formula used by the calculator is:**

**B = (PB – AB) / PB * 100**

where:

- B is the budget percentage
- PB is the planned budget
- AB is the actual budget amount

The formula calculates the percentage difference between the planned budget and the actual budget amount by subtracting the actual budget amount from the planned budget, dividing the result by the planned budget, and then multiplying the result by 100 to get the percentage.

For example, if the planned budget is $10,000 and the actual budget amount spent is $8,000, the budget percentage would be:

**B = (10,000 – 8,000) / 10,000 * 100 = 20%**

This means that the actual budget amount spent is 20% less than the planned budget.