Question

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

Answer 1

Percent change is `23.53%`

Explanation:

When a change is from `x_1` to `x_2` (this means `x_1` is observation of an earlier time / period, than of `x_2`) and the quantum of change is measured as `x_2-x_1`.

For percentage change we have to calculate `(x_2-x_1)/x_1xx100`

which means quantum of change divided by observation of an earlier time / period and then multiplied by `100`.

Hence, percent change of `51,000` to `63,000` is given by `(63000-51000)/51000xx100=12000/51000xx100`

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