Quizzes & Puzzles1 min ago
Working Out A Percentage Increase
54 Answers
something initially cost 115. The price increased to 144.
How to work out the % increase, and the answer please
How to work out the % increase, and the answer please
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.//The interesting thing is though that if you now reduce 144 by 25.217% you don't get back to 115!//
Well you wouldn’t, would you? Just using VAT calculations as an example (because the numbers are easier), if something is priced at £100 plus VAT, the £100 is increased by 20% to make £120. If you reduce £120 by 20% you get £96. The £120 is in fact 120% (six fifths) of the base price. To get back to the base price (five fifths) you must reduce it by one of the six fifths (16.67%).
Well you wouldn’t, would you? Just using VAT calculations as an example (because the numbers are easier), if something is priced at £100 plus VAT, the £100 is increased by 20% to make £120. If you reduce £120 by 20% you get £96. The £120 is in fact 120% (six fifths) of the base price. To get back to the base price (five fifths) you must reduce it by one of the six fifths (16.67%).