Showing posts with label Percentage. Show all posts
Showing posts with label Percentage. Show all posts

Tuesday, January 8, 2013

Percentage difference

We usually come across perc in many phases in our lives. We get the marks in perc and the discount to tells you about this much perc off. In this section we will discuss about Finding Percentage Difference.  This is usually done when you need to compare an old value to a new value. And this is done only on same kind of things. For example: - To compare weights, heights, shoe size or anything else. Now how do us Find Percentage Difference.  I like to share this Equation for Percent Difference with you all through my article.

The Formula for Percentage Differenceis difference between two values divided by average of the two values, with a % sign. So this is actually a three steps process mentioned below: -
1. Find the difference between two numbers or values given; ignore the negative sign if any.
2. Find the average of two numbers by adding them and dividing by two.
3. Divide the two results obtained in first and second step that is dividing difference by the average obtained.
4. Multiply by hundred and add a ‘%’ sign.
For example: - Outside the amusement park, there are two ticket stalls. Stall one sold45 tickets and stall two sold a total of 35 tickets. Now what is the Percentage of DifferenceHere? First of all we calculate the difference between two which is 45-35 which give 10.

Now the average of these two numbers are (35+45)/2 which is 40. Now we set up the Equation for Percent Differencewhich is 10/40 *100 that results in 25. By adding a % sign to it makes it 25 %. Hence we can conclude that perc difference between 35 and 25 is 25%.

We can calculate perc difference only for similar kind of values and things. Now let us discuss one more example. In a company, Sammy works for 10 hours and Sherry works for 14 hours. What is the perc difference between their numbers of working hours? In the first step, we find the difference between their numbers of working hours.

Difference is 10 minus 14 which equals to negative four. We can ignore the negative here which will make it four. Now the average between these two numbers is (10+14)/2 which is equal to 12. Now the equation becomes 4/12 * 100 which equals 33.33 and we can add a ‘%’ sign to it by making it 33.33%.