Percent change helps you see how something has increased or decreased over time. Imagine you had a collection of 100 marbles, and now you have 120. The percent change is:
- (New value - Old value) / Old value * 100%
So, in this case, the change is positive (more marbles). This formula works for both increases and decreases, as long as you keep track of positive and negative signs.
Detailed Steps:
Step 1: Subtract the original value from the new value.
Step 2: Divide this result by the original value.
Step 3: Multiply by 100 to find the percent change.
For instance, if a stock price goes from $100 to $110, the percent change is ((110 - 100) / 100) × 100 = 10%.