Percentages

Linda Dawson

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Dec 4, 2019
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I am trying to determine the percentage increase in rent. If the rent goes up from $1,231 to $1,392, an increase of $161, how would I figure the percentage of increase? I am calculating $161 divided into $1,392 for 11.56%. Is this correct?
 

lev888

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Jan 16, 2018
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I am trying to determine the percentage increase in rent. If the rent goes up from $1,231 to $1,392, an increase of $161, how would I figure the percentage of increase? I am calculating $161 divided into $1,392 for 11.56%. Is this correct?
When calculating % changes you need to divide the difference by the original (before change) amount.
 

Subhotosh Khan

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I am trying to determine the percentage increase in rent. If the rent goes up from $1,231 to $1,392, an increase of $161, how would I figure the percentage of increase? I am calculating $161 divided into $1,392 for 11.56%. Is this correct?
Percentage increase should be in reference to the starting value ($1231).

So the percent increase in rent = 161/1231 * 100% = 13.0787 % = 13.08 % increase
 

Linda Dawson

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Dec 4, 2019
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3
When calculating % changes you need to divide the difference by the original (before change) amount.
Percentage increase should be in reference to the starting value ($1231).

So the percent increase in rent = 161/1231 * 100% = 13.0787 % = 12.08 % increase
Thanks. I see how you got to 13.07% but how does that translate to 12.08%?
 

Linda Dawson

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Dec 4, 2019
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3
Percentage increase should be in reference to the starting value ($1231).

So the percent increase in rent = 161/1231 * 100% = 13.0787 % = 13.08 % increase
Thanks!!
 
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