The Percent Change in Price calculator computes the percentage change in price based on base price and a revised price.
INSTRUCTIONS: Choose units and enter the following:
- (BI) This is the base or previous price
- (RI) This is the revised or new price
Percent Change in Price (CP): 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 Price is:
CP = (RP - BP) / BP
where:
- CP is the Percent Change in Price
- BP is the base or previous price
- RP is the revised, new or current price
