Percentage Difference: A toy scooter cost $15 last year and costs $20 this year, determine the percentage difference?
Question: Percentage Difference: A toy scooter cost $15 last year and costs $20 this year, determine the percentage difference?
Solution:
First get difference of two numbers, second get average of two numbers (V1,V2) and divide by 2. Then divide the difference value by the average value obtained in previous steps,
, finally multiple the result by 100 to get the percentage value (percentage difference)
Equation/Formula:
|V1 - V2| / [(V1 + V2) /2] × 100
Calculate Box
Result: 29%