Enter the base value and the relative change in percentage into the calculator to determine the new value. This calculator helps in understanding how a certain percentage change affects the original value.
Relative Value Formula
The following formula is used to calculate the new value after a relative change:
NV = BV * (1 + RC / 100)
Variables:
- NV is the new value after the relative change
- BV is the base value before the change
- RC is the relative change in percentage
To calculate the new value, multiply the base value by one plus the relative change divided by 100.
What is Relative Value?
Relative value is a measure of the change in value of an item or quantity in comparison to its original value. It is often expressed as a percentage and is used in various fields such as finance, economics, and statistics to assess the change in price, cost, or other numerical values over time or due to certain factors.
How to Calculate Relative Value?
The following steps outline how to calculate the Relative Value.
- First, determine the base value (BV).
- Next, determine the relative change (RC) in percentage.
- Use the formula NV = BV * (1 + RC / 100) to calculate the new value (NV).
- Finally, input the base value and relative change into the calculator to get the new value.
Example Problem :
Use the following variables as an example problem to test your knowledge.
Base Value (BV) = 200
Relative Change (RC) = 15%
Using the formula, the new value (NV) would be calculated as follows:
NV = 200 * (1 + 15 / 100) = 200 * 1.15 = 230
