The Percent Change in Income calculator computes the percentage change in income based on base income and a revised income.
INSTRUCTIONS: Choose units and enter the following:
- (BI) This is the base or previous income
- (RI) This is the revised or new income
Percent Change in Income(CI): The change is returned as a percentage. However, this can be converted to a real number via the pull-down menu.
Related Calculators
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
The Math / Science
The formula for Percent Change in Income is:
CI = (RI - BI) / BI
where:
- CI is the Percent Change in Income
- BI is the base or previous income
- RI is the revised, new or current income
