Related: How To Calculate Percent Error: Definition and Formula 3. Using the same example, you can calculate the difference as: Do this by subtracting one value from the other. Calculate the difference between the two valuesĪfter you know the values you're comparing, you can calculate the difference. Related: How To Calculate Percent Yield in Chemistry 2. Once you've determined that your two variables are similarly related, you can proceed with your percent difference calculation.įor example, if you sold $1,000 worth of sneakers this year and you sold $800 worth of sneakers last year. Since both of these concern sneaker sales, they're related values. For example, the number of sneaker sales last year compared to the number of sneakers this year. Remember that if you're calculating the percent difference, you need two related values. The first step in calculating the percent difference involves determining the values you're using. Related: 22 Accounting Jobs That Pay Well How to calculate percent differenceīelow are the steps to take when calculating the percent difference: 1. Percentage change compares an older value with a newer one, while a percentage error compares a value that's exact with one that isn't. It's important not to confuse percent difference with percentage change and percentage error. For example, you can compare the price of a laptop this year versus that of a laptop from last year. You can use it to measure the difference between two related values, expressed as a percentage. The percent difference is the difference between two values divided by their average. In this article, we explain percent difference, describe when you can use it and explain how to calculate it. Understanding what this value is and how to calculate it can help you monitor the progress of organizations and understand the difference between related values. You can use percent difference to compare sales from one year to the next, compare employee wages for a given period or the price differences for a certain product. If you review or work with figures, knowing the percent difference can help you compare two sets of values.
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