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Percentage of change is basically used to find an increase or a decrease in a percentage from an originating point. Let's look at an example:
On January 1st, 2012 our companies profit was $162,369. What is the percentage of increase or decrease if our companies profit was $126,639 on January 1st, 2011.
Our formula: Increased (or Decreased) Value ÷ Initial Value x 100
Let's go ahead and plug in our numbers.
- Initial Value: $126,639
- Increased Value: $162,369
(162,369 ÷ 126,639) x 100 =
1.282 x 100 = 128.21%
So our companies profit increased 128.21% over the course of one year.
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∙ 12y ago
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