Enter the original and new values into the calculator to determine the percentage variance. This calculator helps to find out how much a number has increased or decreased in terms of percentage.
Percentage Variance Formula
The following formula is used to calculate the percentage variance:
PV = ((NV - OV) / OV) * 100
Variables:
- PV is the percentage variance (%)
- OV is the original value
- NV is the new value
To calculate the percentage variance, subtract the original value from the new value, divide by the original value, and then multiply by 100 to get the result in percentage.
What is Percentage Variance?
Percentage variance is a measure of how much a number has changed in comparison to its original value, expressed as a percentage. It is commonly used in finance, statistics, and general data analysis to understand the relative change between two numbers. A positive percentage variance indicates an increase, while a negative percentage variance indicates a decrease.
How to Calculate Percentage Variance?
The following steps outline how to calculate the percentage variance:
- First, determine the original value (OV).
- Next, determine the new value (NV).
- Use the formula PV = ((NV – OV) / OV) * 100.
- Finally, calculate the percentage variance (PV).
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem:
Use the following variables as an example problem to test your knowledge.
Original Value (OV) = 150
New Value (NV) = 175