(7 - 6.64) / |7| × 100% = ? Calculate the relative percent (decrease) change from the initial (original, reference) value 7 to the new one, 6.64 (the end value), and the actual change (the absolute difference)
The relative percent decrease (change), from 7 to 6.64
The relative decrease (change). Definition:
The relative decrease (change) is the difference in an indicator over two periods in time, v1 - v2, relative to the value of the indicator in the earlier period, v1.
Namely:
v1 - is called the reference value (original, initial number);
v2 - is called the new value (the end value).
In our case: v1 = 7, v2 = 6.64.
The relative decrease (change). Formula:
(v1 - v2) / |v1| =
The actual change / |v1|
Legend:
v1 - the original number
|v1| - the positive value of v1, |v1| >= 0
v2 - the new value
The actual change = v1 - v2
/ - the fraction bar (division)
The actual change / |v1| = The actual change ÷ |v1|
Why do we use |v1| in the formula instead of v1?
Let's see what happens if we use v1 instead of |v1|:
Choose a random negative number as the initial value: - 64.
Choose a random positive number for the end value: 21.
Formula and calculation:
(v1 - v2) / v1 =
(- 64 - 21) / - 64 =
-85 / - 64 =
1.328125 ≈
1.33
Although the absolute change is negative: -85,
... the relative change is positive: 1.33.
By using |v1| instead of v1, the error is corrected.
The relative percent decrease (change). Detailed calculations below
By multiplying a number by the fraction 100/100,
we change only the form of the result, not the result.
100/100 = 100% = 100 ÷ 100 = 1.
n × 100/100 = (n × 100)/100 = (n × 100)%, any number.
The relative percent decrease (change). Formula:
The relative percent decrease (change) =
The relative decrease (change) × 100/100 =
(The relative decrease (change) × 100)/100 =
(The relative decrease (change) × 100)%
Calculate the relative percent decrease (change):
(7 - 6.64)/|7| =
0.36/7 =
0.36 ÷ 7 =
0.36 ÷ 7 × 100/100 =
(0.36 × 100 ÷ 7)/100 =
(36 ÷ 7)/100 ≈
5.142857142857/100 =
5.142857142857% ≈
5.14%
(Rounded off to a maximum of 2 decimal places)
The relative percent decrease (change)...
from the initial value 7 to the final value 6.64:
Rounded off to a maximum of 12 decimal places ≈ 5.142857142857%
Rounded off to a maximum of 2 decimal places ≈ 5.14%
The actual change
7 - 6.64 = 0.36
The relative percent decrease (change) is positive...
so we really have a relative percent decrease.
The symbols used: % percent, ÷ division, × multiplication, = the equal sign, / the fraction bar, ≈ approximately the same, |n| - the positive value of n, |n| >= 0. Writing numbers: comma ',' - as a thousands separator, point '.' as a decimal mark.
Other similar operations with percentages: