What is the increase percentage from 48 to 18,000?
We had 48 people six years ago and now serving 18,000 people?
in short:
$\displaystyle \mbox{Percent Change } = \frac {\mbox{New Amount}}{\mbox{Old Amount}} \times 100$
If the new amount is greater than the old amount, we have "Percent increase". if it is less, we have "Percent decrease"
So that here, $\displaystyle \mbox{Percentage Increase } = \frac {18000}{48} \times 100 = 37500$ %
Hello,
I'd like to know why it is not :
$\displaystyle \text{New Amount}=\text{Old Amount}+100*\text{Increase Percentage}*\text{Old Amount}$
?
Danshader said that, and I have to admit, I agree...well from the news i hear in the tele when they say increase in 200% it means the final value is double the original value. but percentage increase might just be an increment of that amount and not multiplication of that original amount