1. What Is Growth Percentage?

Growth percentage measures the relative change between an old value and a new value, expressed as a percentage. It is commonly used in business, finance, economics, and statistics to track performance changes over time.

2. How Does The Calculator Work?

The calculator uses the growth percentage formula:

Where:

• \( \text{New} \) — The current or new value
• \( \text{Old} \) — The previous or old value
• \( \times 100 \) — Converts the decimal to percentage

Explanation: The formula calculates the relative difference between the new and old values as a percentage of the old value.

3. Importance Of Growth Percentage Calculation

Details: Growth percentage is essential for analyzing trends, measuring performance improvements, comparing changes across different time periods, and making informed business decisions based on quantitative data.

4. Using The Calculator

Tips: Enter both new and old values in the same units. Ensure values are positive numbers greater than zero for accurate calculations.

5. Frequently Asked Questions (FAQ)

Q1: What does a negative growth percentage mean?
A: A negative growth percentage indicates a decrease or decline from the old value to the new value.

Q2: Can growth percentage exceed 100%?
A: Yes, growth percentage can exceed 100% when the new value is more than double the old value.

Q3: What is the difference between growth rate and growth percentage?
A: Growth rate is typically expressed as a decimal, while growth percentage is the growth rate multiplied by 100.

Q4: How is growth percentage used in business?
A: It's used to measure revenue growth, customer growth, market share changes, and other key performance indicators.

Q5: What are common applications of growth percentage?
A: Financial analysis, population studies, sales tracking, investment returns, and academic performance measurement.