Thursday, January 17, 2013

Percentage Increase

When we get a discount at a shop, we say that we got this much % off.  Now if the same shop offers 5 % more off, then the price of a product will be decreased by a certain amount. The increase and decrease in anything is usually calculated in terms of %. This is actually the measure of perc change which helps us to know the extent to which a thing has gained or lost its value over time.

For example if Sam works at shop with the pay of $ 10 per hour and if his pay gets increased to 4 15 per hour then we can Find Percentage Increase in his pay by making use of Formula for Percentage Increase which is difference of old value and new value divided by old value multiplied by hundred which can be written as (new value – old value) / old value X 100. Some more example of this would be change in temperature in two days, change in height or weight gain in children, share prices of a company or stock market or the prices of any product in a specific year compared to the last year.

How do you Calculate Percentage Increase- Finding Percentage Increase is done by following the series of steps given below: -

1. In the first step, we find out the difference between the two numbers.
2. In the second step, we take the difference and divide it by the original number.
3. In the third step, we multiply the number obtained in second step by 100.
4. In the last step, we put a % sign with the number or figure obtained in the third step.

Let us take an example to understand this concept more clearly. If the staff of a company is increased from 20 to 30 in one year then what is the Increase Percentage? To solve this, we follow the same steps given above. First we find the difference between two numbers which is 30 - 20 = 10. Then in the next step, we divide 10 by 20, which is the original number. That gives 10/20. Now in the next step, we multiply it by 100 which give 50. And in the last step, we put a 5 sign with 50 which makes the solution as 50 %.

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