How To Calculate Or Find Percent Of Change Explained - Percent Increase And Or Percent Decrease скачать в хорошем качестве

How To Calculate Or Find Percent Of Change Explained - Percent Increase And Or Percent Decrease

In this video we discuss how to calculate a percent change, either a percent increase or a percent decrease. We go through a couple of examples using the formula for percent change. Transcript/notes The formula for percent change is percent change equals the new number minus the original number divided by the original number times 100, then we attach a percent sign for a final answer. And if the answer is positive, there is a percent increase, and if the answer is negative, there is a percent decrease. As an example, let’s say that you own a small store that did $228,000 in sales this year. Last year your store did $189,000 in sales, what was your percentage change in sales. So, the new number is this year’s sales of $228,000 and the original number is last years sales of $189,000. Using our formula, we have percent change equals $228,000 minus $189,000, divided by $189,000, times 100. $228,000 minus $189,000 equals $39,000, and now we have $39,000 divided by $189,000, times 100. $39,000 divided by $189,000 equals .206 rounded off. Next, we multiply .206 times 100, which gives us 20.6. Then we attach a percent sign to get a final answer of 20.6% as the positive percent change in sales. Now let’s look at a percent decrease. We will use the same numbers as before except we will say that last year’s sales were $228,000 and this year’s sales were $189,000. So, the new number is this year’s sales of $189,000 and the original number is last year’s sales of $228,000. I have done the calculations on the screen, and you can see that we get negative 17.1% rounded off as the percent change. Since the answer is negative, this is a percent decrease. So, we would say that there was a 17.1% decrease in sales this year. Here are a couple more examples on the screen for you. Timestamps 0:00 Formula to calculate percent change 0:18 Example of percent increase 1:21 Example of percent decrease 1:57 More examples