I have general doubt with percent increase and percent greater. Is there a difference between them or are they same? Initially I thought they were same but now I am confused. Please let me know if there is a difference or not.
In terms of formula they are the same
But percent increase and decrease generally refer to different values of the same thing
eg. Price of a house in September versus October
Whereas percent greater and lesser refer to values of different comparable items
eg. Price of house A and house B
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Okay got it, in the case of greater or lesser it is going be by how much it is greater right?
Ex: Say, Price A is greater than Price B then the percentage greater is x in the following equation
A = B + x% of B
Is this right?
Yes
got it, thanks!