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Not sure how to describe this method (percentage increase with multipliers).

Hi :smile:. I don't get why an increase of 20% comes to 1.2 as a multiplier.

Please see the attached example. percentage multipliers.jpg.

I don't get why it is 120/100 :s-smilie:


Thanks
Reply 1
Avatar for Zacken
Zacken
22
Original post by marcus888
Hi :smile:. I don't get why an increase of 20% comes to 1.2 as a multiplier.

Please see the attached example. percentage multipliers.jpg.

I don't get why it is 120/100 :s-smilie:


Thanks


the % symbol means "per cent" or "per 100", "cent" means 100. So 120% is 120 per 100 which is 120/100.
Original post by marcus888
Hi :smile:. I don't get why an increase of 20% comes to 1.2 as a multiplier.

Please see the attached example. percentage multipliers.jpg.

I don't get why it is 120/100 :s-smilie:



Thanks


okay so the original price was £150,000 right? this is 100% of the price of the house yes? If there's an increase of 20% the house will thus have a price of 120% of its original value right?so you multiply by 1.2 ^-^
Reply 3
Avatar for marcus888
marcus888
OP
9
Original post by Zacken
the % symbol means "per cent" or "per 100", "cent" means 100. So 120% is 120 per 100 which is 120/100.


Thanks

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