The approximate percent increase is 13%.
Percentage increase is the difference between the final value and the initial value, expressed in the form of a percentage. To calculate the percentage we need to have the initial value and the increased (new) value. In other words, we can say that percentage increase is a measure of percent change which gives the extent to which a quantity gains magnitude, intensity, or value. If the percentage increase is a negative value, then we can say that there is a percentage decrease of the same magnitude.
Following the concept of percentage increase, the percentage increase formula is derived and expressed as: Percentage Increase = [(Final Value - Initial Value)/Initial Value] × 100. It should be noted that since the percentage has to be a positive quantity, we take the absolute value of the initial value. If the percentage increase is a negative value, then it is a percentage decrease. The percentage increase is the relative change in the quantity with respect to its initial value. If the percentage change is positive, then it is the percentage increase and if the percentage change is negative, it is a percentage decrease.
Given:
initial =$900,000
Final = $900,000
% increase = $900,000- $800,000/ $800,000 * 100
% increase = 100, 000/8000
% increase = 12.5 %
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