Percentage Change
There are four steps:
- Example 1. This year a weekly zone 4 travelcard costs £50, next year the same card is going to cost £60. Find the Percentage increase
- Example 2. This year my car is worth £4000, next year it will be worth £3000. Find the Percentage decrease in value
(a) the increase amount is
60 − 50 = 10
(b) the percentage as a fraction is
10/50
(c) 100 ÷ 50 = 2 (where 50 is the demoninator of the fraction)
(d) 10/50 × 2/2 = 20/100 = 20%
So 20% increase in price
(a) the decrease amount is
4000 − 3000 = 1000
(b) the percentage as a fraction is
1000/4000 = 1/4
(c) 100 ÷ 4 = 25 (where 4 is the demoninator of the fraction)
(d) 1/4 × 25/25 = 25/100 = 25%
So 25% decrease in value.