How to calculate growth percentage?
Growth Percentage is the calculation performed to find the growth difference between two values for the determined time period. Here is a simple step by step tutorial to find the growth percentage.
Formula to find Growth Percentage
Growth Percentage = ((Present Value - Past Value) / Past Value) x 100
Step 1: Consider that a Company has sold 2000 Android mobiles in the year of 2014 and 2500 Android mobiles in the year of 2015. Find the Growth percentage.
Total mobile sold in 2014 = 2000 (Past value)
Total mobile sold in 2015 = 2500 (Present value)
Step 2: Substitute the values in the formula.
Growth percentage = (Present value - Past value / Past Value) x 100.
= ( 2500 - 2000 / 2000) x 100
= (500/2000) x 100
= 0.25 x 100
Growth percentage = 25%
So, the Growth percentage of the company has increased 25 Percentage when compared to last year.