How to calculate difference in percentage
Calculating the percentage difference between two numbers is a valuable skill, whether you’re dealing with financial data, science experiments, or simply noticing how your favorite sports team is performing. This article will guide you through the process of calculating the difference in percentages for any two numbers.
Step 1: Understand the Concept
The percentage difference is a measure that shows how much one number has changed compared to another. It’s often used to describe price increases, growth rates, and other comparisons among similar values.
Step 2: Identify the Two Numbers
Find the two numbers you want to compare. These could be sales figures for two different months, the amount of money spent on groceries last week and this week, or any other comparison where you want to know the percentage difference.
Step 3: Calculate the Difference
Simply subtract one number from the other. It doesn’t matter which order you do this in – your answer will still be accurate.
Formula:
Difference = Number 1 – Number 2
Step 4: Find the Average (Optional)
To find percentage difference relative to an average value, add both numbers together and then divide by two to find their average.
Formula:
Average = (Number 1 + Number 2) / 2
Step 5: Calculate the Percentage Difference
Divide the total difference by either one of the original numbers/ values or by the average (if you calculated it in Step 4). Multiply the result by 100 to convert it into a percentage.
Formula using original number:
Percentage Difference = [(Difference / Number 1) x 100]
Formula using average:
Percentage Difference = [(Difference / Average) x 100]
Step 6: Interpret Your Result
Your calculated percentage difference can now be used as context for understanding change between two numbers. For example, if you calculated that there was a 20% increase in sales from March to April, you know that sales have increased significantly during this time period.
And that’s it! Now you have the tools and knowledge to calculate the difference in percentages for any pair of numbers. This measurement can help you compare values, monitor changes, and make well-informed decisions. Happy calculating!