To calculate the percentage of variances in your cycle count report, you can follow these steps:

1. Determine the total number of items counted in your report. This should be a sum of all the items counted in each cycle count.
2. Determine the total count of variances in your report. This should be a sum of all the variances in each cycle count.
3. Divide the total count of variances by the total number of items counted.
4. Multiply the result by 100 to get the percentage of variances.

For example, let's say you counted a total of 1000 items and found 50 variances in your report. To calculate the percentage of variances, you would divide 50 by 1000, which equals 0.05. Then, you would multiply 0.05 by 100 to get the percentage, which is 5%.

So, in this example, the percentage of variances is 5%. This means that 5% of the items counted had a variance.