Percent Increase & Decrease

Front

What is percent increase?

Back

Percent increase is a measure of how much a quantity has grown relative to its original amount, expressed as a percentage. It is calculated using the formula: ((New Value - Old Value) / Old Value) * 100.

Front

What is percent decrease?

Back

Percent decrease is a measure of how much a quantity has decreased relative to its original amount, expressed as a percentage. It is calculated using the formula: ((Old Value - New Value) / Old Value) * 100.

Front

How do you calculate the percent change?

Back

Percent change can be calculated using the formula: ((New Value - Old Value) / Old Value) * 100. This formula applies to both percent increase and percent decrease.

Front

What is the formula to calculate sales tax?

Back

The formula to calculate sales tax is: Sales Tax = Price of Item * Tax Rate.

Front

How do you calculate the total price after tax?

Back

Total Price = Price of Item + Sales Tax. Alternatively, Total Price = Price of Item * (1 + Tax Rate).

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit. It is often expressed as a percentage of the cost price.

Front

How do you calculate the selling price using markup?

Back

Selling Price = Cost Price + (Cost Price * Markup Percentage).

Front

What is the formula for calculating percent markup?

Back

Percent Markup = (Selling Price - Cost Price) / Cost Price * 100.

Front

What is the difference between percent increase and percent markup?

Back

Percent increase refers to the growth of a value compared to its original value, while percent markup refers to the increase in price over the cost price.

Front

How do you find the percent decrease from a regular price to a sale price?

Back

Percent Decrease = ((Regular Price - Sale Price) / Regular Price) * 100.