How to calculate percentage difference

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how to calculate percentage difference

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How to calculate percentage difference:

To calculate the percentage difference between two values, you can use the following formula:

\text{Percentage Difference} = \frac{|\text{Value 1} - \text{Value 2}|}{(\text{Value 1 + Value 2})/2} \times 100

Here’s a step-by-step guide to calculating the percentage difference between two numbers:

  1. Subtract the two values: First, subtract the smaller value from the larger one. It is important to take the absolute value of this difference, as the percentage difference should always be positive.

  2. Find the average: Add the two values together, and then divide by 2 to find the average of the two numbers.

  3. Calculate the percentage difference: Divide the absolute difference by the average of the two numbers, and then multiply by 100 to get the percentage difference.

By following these steps and using the formula provided, you can accurately calculate the percentage difference between two values.