You might apply the percent increase formula to determine how a price of a particular product or item has changed in the last year or during another period of time. When you find that number, you need to calculate the percentage of change, as simply knowing the amount of the decrease may not provide you with the information you need to determine the scale of the change between the two numbers. In order to reach this number, you would need to find the difference between the original value and the final value, subtracting to find the exact total of the decrease. Increase / original number (value) x 100 = percent increaseĪ percent increase refers to how much a percentage has gone up over time. New number (value) – original number (value) = increase
In this article, we will discuss the percent increase formula and how to apply it when calculating the increase of a percentage. You may need to use this formula when creating or working on a balance sheet or determining the growth of a business. In addition to knowing how to calculate percentages, it is helpful to know how to apply formulas to determine the increase of a percentage.
Calculating percentages is an important skill to have, especially when working in accounting or another financial industry.