Unlocking Growth Insights- Discovering the Percentage Change Between Two Numbers_2

How to Find the Percentage of Growth Between Two Numbers

In various fields, understanding the percentage of growth between two numbers is crucial for evaluating performance, making comparisons, and predicting future trends. Whether you are analyzing financial data, tracking population growth, or assessing business expansion, knowing how to calculate the percentage of growth is essential. This article will guide you through the steps to find the percentage of growth between two numbers.

Understanding the Formula

To calculate the percentage of growth between two numbers, you can use the following formula:

Percentage of Growth = [(New Value – Old Value) / Old Value] 100

This formula calculates the difference between the new value and the old value, divides it by the old value, and then multiplies the result by 100 to express it as a percentage.

Step-by-Step Guide

1. Identify the Old Value and New Value: The first step is to determine the old value and the new value. The old value is the initial number, while the new value is the updated or final number.

2. Calculate the Difference: Subtract the old value from the new value to find the difference between the two numbers.

3. Divide by the Old Value: Divide the difference obtained in step 2 by the old value.

4. Multiply by 100: Multiply the result from step 3 by 100 to convert it into a percentage.

5. Round the Result: If necessary, round the percentage to a specific number of decimal places or significant figures.

Example

Let’s say you want to calculate the percentage of growth in the sales of a product from the previous year to the current year. The sales in the previous year were $100,000, and the sales in the current year are $150,000.

1. Old Value: $100,000
2. New Value: $150,000
3. Difference: $150,000 – $100,000 = $50,000
4. Divide by Old Value: $50,000 / $100,000 = 0.5
5. Multiply by 100: 0.5 100 = 50%

The percentage of growth in sales is 50%.

Conclusion

Finding the percentage of growth between two numbers is a straightforward process that involves identifying the old value and new value, calculating the difference, dividing by the old value, multiplying by 100, and rounding the result. By following these steps, you can easily evaluate growth rates in various contexts and make informed decisions based on the data.