Percent of change always implies a non-zero reference value, frequently called a base. It is the number from which you measure the change in the number of interest.Can someone show me how to find the percent of change? I used to know but I forgot. Please help! thanks!
Thanks, but I don't get it. Kind of confusing. Do you want me to give you the problem im working on so we can fill in the letters? Assuming you say yes:Percent of change always implies a non-zero reference value, frequently called a base. It is the number from which you measure the change in the number of interest.
\(\displaystyle Let\ r = the\ reference\ value.\)
\(\displaystyle Let\ n = the\ number\ of\ interest.\)
\(\displaystyle Let\ p = the\ percent\ change.\)
\(\displaystyle p \equiv 100 * \dfrac{n - r}{r} \equiv \left(\dfrac{100n}{r}\right) - 100.\)
I like the second form because then you will never get the sign of the change wrong.
Edit: Percent change is a measure of relative change. It is meaningful only if the base or reference value is meaningful in context.
So the answer is 40 %? I'm sorry but I can't see how you get that by multiplying by 100. I'm really confused. thanks anyway.You want to take the ratio of the change to the original amount, then multiply by 100 to convert this ratio to a percentage:
\(\displaystyle \dfrac{56-40}{40}\cdot100=40\%\)
Percent comes from a Latin phrase "per centum," which means literally "by the hundred." If it makes it easier for you, you can just think of percent meaning hundredths. So we change the base, the reference value, to 100. One hundred becomes a standard reference point for relative changes, a form of standard communication.So the answer is 40 %? I'm sorry but I can't see how you get that by multiplying by 100. I'm really confused. thanks anyway.
oh. ok. i see. Thanks so much!!! I owe you, but being an aquaintance over an internet sight, i don't know how!Before we multiply by 100, we have:
\(\displaystyle \dfrac{16}{40}=\dfrac{8\cdot2}{8\cdot5}=\dfrac{2}{5}\)
Now, multiply by 100:
\(\displaystyle \dfrac{2}{5}\cdot100=2\cdot\dfrac{100}{5}=2\cdot \dfrac{5\cdot20}{5}=2\cdot20=40\)
thanks!Percent comes from a Latin phrase "per centum," which means literally "by the hundred." If it makes it easier for you, you can just think of percent meaning hundredths. So we change the base, the reference value, to 100. One hundred becomes a standard reference point for relative changes, a form of standard communication.
\(\displaystyle \dfrac{56 - 40}{40} = \dfrac{16}{40} = = \dfrac{40}{100} \equiv 40 * \dfrac{1}{100} \equiv 40\ hundredths \equiv 40\%.\)
See where the equal signs change to equivalence signs. We are now talking definitions.
\(\displaystyle So\ \dfrac{16}{40} = \dfrac{40}{100} = 40\%.\) To go from a fraction to a percent, I simply multiply by 100 by DEFINITION.
But I do not need the intermediate step to convert a fraction into an equivalent one with a denominator of 100.
\(\displaystyle 100 * \dfrac{16}{40} = 40\ percent.\)
There is no more why involved in this definition than there is in why English speakers say that they work at a "desk" rather than working at a "pig."
...I owe you, but being an aquaintance over an internet sight, i don't know how!
You kind of forced me to listen, but that's ok. I apreciate cunstructive critisism. I will try to make my titles better, but the reason that I usually make my titles short is because I am in a hurry to get the question out there because I have a very limited time to get my work done. Thanks anyway!I tell you what, I will ask you to receive just a wee bit of constructive criticism.
Perhaps it is the moderator in me coming out, but I would ask that when you post a topic, please use a title that indicates the nature of the problem within. For example, I would have titled this topic something like "Finding the percentage of change." When viewing a sub-forum, it just looks nice to see titles that indicate what kind of problem is being discussed.
I offer this advice not because your titles bother me, but because of my experience on many forums, I know that a descriptive topic title makes your topic just a bit more likely to get views and subsequent help. People tend to appreciate little things like that which show effort on your part to present your problem in the best way.
On one of the forums I help to moderate, I see this quite a bit, and I edit the titles for the reasons I cited.
Thanks for listening!
Mark.
Percent comes from a Latin phrase "per centum," which means literally "by the hundred." ...
You kind of forced me to listen, but that's ok. I apreciate cunstructive critisism. I will try to make my titles better, but the reason that I usually make my titles short is because I am in a hurry to get the question out there because I have a very limited time to get my work done. Thanks anyway!
Thanks. I did not know any of that. I had wondered from time to time how anyone got % from "per centum". Now I know. Of course Italian "per cento" does come from Latin "per centum," which is actually used in many old texts."per cento" is Italian and was used by the medi-eval Italian bankers (you probably know Fibonacci) and means of course "by the hundred".
The Italian used the abbreviation cto. If you have to write "cto" quite often and if you have to write it very fast this "cto" becomes \(\displaystyle \displaystyle{{}^c t_o}\)
And you certainely can imagine how this sign "%" is derived from \(\displaystyle \displaystyle{{}^c t_o}\).
Thanks for the opportunity to show off.
You want to take the ratio of the change to the original amount,
then multiply by 100 to convert this ratio to a percentage:
\(\displaystyle \dfrac{56-40}{40}\cdot100=40\%\)
JeffM said:\(\displaystyle So\ \dfrac{16}{40} = \dfrac{40}{100} = 40\%.\)
The fraction, 40/100, is multiplied by 100%, not 100, to arrive at the correct answer of 40%.
To go from a fraction to a percent, I simply multiply by 100 by DEFINITION.
No, you multiply by 100%. That is another form of 1, as 100% = 100/100.
JeffM said:\(\displaystyle 100 * \dfrac{16}{40} = 40\ percent.\)
This is incorrect. It should be:
\(\displaystyle 100 \ percent* \dfrac{16}{40} = 40\ percent.\)
or
\(\displaystyle \dfrac{16}{40}*100 \ percent \ = \ 40 \ percent.\)
This is incorrect. It should be:
"You want to take the ratio of the change to the original amount,
then multiply by 100% to convert this ratio to a percentage:
\(\displaystyle \dfrac{56-40}{40}\cdot100 \% \ = \ 40\%\)
I am now in the corner constructed by Denis, adorned in the conical and festive headgear. :!:
MarkFL,
please note the updates to my post #16 above. You and JeffM will be arriving
at that corner together.
"per cento" is Italian and was used by the medi-eval Italian bankers (you probably know Fibonacci) and means of course "by the hundred".
The Italian used the abbreviation cto. If you have to write "cto" quite often and if you have to write it very fast this "cto" becomes \(\displaystyle \displaystyle{{}^c t_o}\)
And you certainely can imagine how this sign "%" is derived from \(\displaystyle \displaystyle{{}^c t_o}\).
Thanks for the opportunity to show off.