Percentages

[Linda Dawson]

I am trying to determine the percentage increase in rent. If the rent goes up from $1,231 to $1,392, an increase of $161, how would I figure the percentage of increase? I am calculating $161 divided into $1,392 for 11.56%. Is this correct?

 

[lev888]

I am trying to determine the percentage increase in rent. If the rent goes up from $1,231 to $1,392, an increase of $161, how would I figure the percentage of increase? I am calculating $161 divided into $1,392 for 11.56%. Is this correct?

When calculating % changes you need to divide the difference by the original (before change) amount.

 

[Deleted member 4993]

I am trying to determine the percentage increase in rent. If the rent goes up from $1,231 to $1,392, an increase of $161, how would I figure the percentage of increase? I am calculating $161 divided into $1,392 for 11.56%. Is this correct?

Percentage increase should be in reference to the starting value ($1231).

So the percent increase in rent = 161/1231 * 100% = 13.0787 % = 13.08 % increase

 

[Linda Dawson]

When calculating % changes you need to divide the difference by the original (before change) amount.

Percentage increase should be in reference to the starting value ($1231).

So the percent increase in rent = 161/1231 * 100% = 13.0787 % = 12.08 % increase

Thanks. I see how you got to 13.07% but how does that translate to 12.08%?

 

[Deleted member 4993]

Thanks. I see how you got to 13.07% but how does that translate to 12.08%?

It doesn't - that was a typo - fixed it!

 

[Linda Dawson]

Percentage increase should be in reference to the starting value ($1231).

So the percent increase in rent = 161/1231 * 100% = 13.0787 % = 13.08 % increase

Thanks!!

 

[Steven G]

It doesn't - that was a typo - fixed it!

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