How do you calculate the percent change of 51,000 to 63,000?

1 Answer
Jun 8, 2016

Percent change is 23.53%23.53%

Explanation:

When a change is from x_1x1 to x_2x2 (this means x_1x1 is observation of an earlier time / period, than of x_2x2) and the quantum of change is measured as x_2-x_1x2x1.

For percentage change we have to calculate (x_2-x_1)/x_1xx100x2x1x1×100

which means quantum of change divided by observation of an earlier time / period and then multiplied by 100100.

Hence, percent change of 51,00051,000 to 63,00063,000 is given by (63000-51000)/51000xx100=12000/51000xx100630005100051000×100=1200051000×100

= 12/51xx100=(4cancel12)/(17cancel51)xx100=400/17=23.53%