This cheat-sheet helps you calculate percentage changes in numbers. A percentage change tells you how much a number has increased or decreased compared to its original value.
The formula to calculate percentage change is:
Percentage Change = (New Value - Old Value) / Old Value * 100
If the result is positive, it’s a percentage increase. This means the new value is higher than the old value.
If the result is negative, it’s a percentage decrease. This means the new value is lower than the old value.
Example: Original Value = $50, New Value = $60
Percentage Change = (60 - 50) / 50 * 100
= (10 / 50) * 100
= 0.2 * 100
= 20% Increase
Another Example: Original Value = $80, New Value = $60
Percentage Change = (60 - 80) / 80 * 100
= (-20 / 80) * 100
= -0.25 * 100
= 25% Decrease
Remember to always state whether it’s an increase or a decrease.