How to Find the Difference in Percentage
In our daily lives, percentages are a common way to express the difference between two values. Whether you’re analyzing sales data, comparing test scores, or even calculating discounts, understanding how to find the difference in percentage is crucial. This article will guide you through the steps to calculate the percentage difference between two numbers.
Understanding the Concept
Before diving into the calculation, it’s essential to understand the concept of percentage difference. The percentage difference is the amount of change between two values, expressed as a percentage of the original value. It is calculated using the following formula:
Percentage Difference = [(New Value – Original Value) / Original Value] 100
Step-by-Step Guide to Calculate Percentage Difference
Now that you understand the concept, let’s go through the steps to calculate the percentage difference between two numbers:
1. Identify the original value and the new value.
2. Subtract the original value from the new value.
3. Divide the result by the original value.
4. Multiply the quotient by 100 to get the percentage difference.
Example
Let’s say you want to find the percentage difference between two sales figures: $10,000 and $12,000.
1. Original Value: $10,000
2. New Value: $12,000
3. Difference: $12,000 – $10,000 = $2,000
4. Percentage Difference: ($2,000 / $10,000) 100 = 20%
So, the percentage difference between the two sales figures is 20%.
Remembering the Formula
To make the calculation process easier, it’s helpful to remember the formula for percentage difference:
Percentage Difference = [(New Value – Original Value) / Original Value] 100
By following this formula and understanding the steps involved, you’ll be able to calculate the percentage difference between any two numbers with ease.
Conclusion
In conclusion, finding the difference in percentage is a valuable skill that can be applied in various aspects of life. By following the steps outlined in this article, you’ll be able to calculate the percentage difference between two numbers quickly and accurately. Whether you’re analyzing data or making comparisons, understanding how to find the difference in percentage will undoubtedly prove to be a beneficial skill.
