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Increase Calculator is a company with a revolutionary product that helps decrease everything from your grocery bills to your daily commute to your garbage disposal bill. I was asked recently, “Why does your increase calculator offer only discounts? ” And that’s because, for every increase in service, we promise a decrease in fees, and discount fees during promotional periods. This is how our business model stacks up against that of our competitors.
The concept of percent increase is basically the amount of increase from the original number to the final number in terms of 100 parts of the original. An increase of 5 percent would indicate that, if you split the original value into 100 parts, that value has increased by an additional 5 parts. So if the original value increased by 14 percent, the value would increase by 14 for every 100 units, 28 by every 200 units and so on. To make this even more clear, we will get into an example using the percent increase formula in the next section.
Percentage increase is useful when you want to analyse how a value has changed with time. Although percentage increase is very similar to absolute increase, the former is more useful when comparing multiple data sets. For example, a change from 1 to 51 and from 50 to 100 both have an absolute change of 50, but the percentage increase for the first is 5000%, while for the second it is 100%, so the first change grew a lot more. This is why percentage increase is the most common way of measuring growth. (Source: www.omnicalculator.com)
Let us say your salary is $50,000 and you were offered a 20% increase, then to calculate your new salary do: $50,000 + $50,000 * 20 / 100 = $50,000 + $50,000 * 0.2 = $50,000 + $10,000 = $60,000. Let us say you have been approached with an opportunity for a new job and they offer you $60,000 instead of your current $50,000 salary. What is the percentage increase from the difference of $10,000? We plug the numbers into the first formula above to get $60,000 / $50,000 * 100 - 100 = 1.2 * 100 - 100 = 120 - 100 = 20% increase. You can verify this using this online percent increase calculator.
In this example use case of our percent increase calculator, you have bought a property worth $500,000 and now its valuation has increased to $550,000 and you want to know what the percentage increase is. You divide the new price by the old price: $550,000 / $500,000 = 1.1, then multiply by 100 to get 110, then subtract 100. The final result is that your property value has increased by 10% over that time period. (Source: www.gigacalculator.com)
Math Example: How to calculate percentage increase, Decrease or Difference This example will explain how calculating increase and decrease works. To calculate percent difference, you need to follow these steps: Percent Problem: You need to calculate percent % increase from 2 to 10. First Step: find the difference between two numbers, in this case, it's 10 - 2 = 8. Second Step: Take the difference, 8, and divide by the original number: 8/2 = 4. Last, multiply the number above by 100: 4*100 = 400%. You're done! You calculated difference of a number in percent, and the answer is a percentage increase of 400%.
Real World Money Example: How to find Increase or Decrease between two percentage numbers? Value of your car depreciated by 60% over 5 years. By how many percent has it depreciated since you bought it? Steps: take first percent, which is 100% when the car was new, take 2nd percentage, 60%. 60-100 = -40. Then take result and divide by 2nd number: -40 divide by 100 = -0.4 and multiply by 100, equals -40%. Answer, car dropped 40% of money value. Using our online tool, you will get a negative answer, which means percent decrease instead of increase. (Source: www.marshu.com)