Here you will learn about the calculation of percentage change. You might have heard that the prices of housing has risen by %, but what does it actually mean when people say that something has risen or fallen by a certain percentage?
This type of increase or decrease is called a percentage change. The answer to the question asked above is then: The price for housing at two different times are compared, and the change in price is converted to a percentage relative to the original price. This is what you will learn here.
You want to compare old value to new value and find the percentage change. Have a look at the formula written below.
If you get a positive number, something has grown in value.
If you get a negative number, something has declined in value.