How to Calculate Percent Difference
Percent difference is a way to express the difference between two values as a percentage of their average. It is commonly used to compare two quantities and see how much they differ relative to their size.
Formula for Percent Difference
Percent Difference=∣Value 1−Value 2∣Value 1+Value 22×100%\text{Percent Difference}=\frac{|\text{Value 1}-\text{Value 2}|}{\frac{\text{Value 1}+\text{Value 2}}{2}}\times 100%Percent Difference=2Value 1+Value 2∣Value 1−Value 2∣×100%
Step-by-Step Calculation
- Find the difference between the two values (take the absolute value so the result is positive):
∣Value 1−Value 2∣|\text{Value 1}-\text{Value 2}|∣Value 1−Value 2∣
- Calculate the average of the two values:
Value 1+Value 22\frac{\text{Value 1}+\text{Value 2}}{2}2Value 1+Value 2
- Divide the difference by the average :
∣Value 1−Value 2∣Value 1+Value 22\frac{|\text{Value 1}-\text{Value 2}|}{\frac{\text{Value 1}+\text{Value 2}}{2}}2Value 1+Value 2∣Value 1−Value 2∣
- Multiply by 100 to convert to a percentage:
×100%\times 100%×100%
Example
Suppose you want to find the percent difference between 50 and 40.
- Difference: ∣50−40∣=10|50-40|=10∣50−40∣=10
- Average: 50+402=45\frac{50+40}{2}=45250+40=45
- Divide difference by average: 1045≈0.2222\frac{10}{45}\approx 0.22224510≈0.2222
- Convert to percentage: 0.2222×100%=22.22%0.2222\times 100%=22.22%0.2222×100%=22.22%
Percent difference = 22.22% If you want, I can help with more examples or specific cases!