1. What is Percentage Hike?

Percentage hike is a measure of the relative increase between an old value and a new value, expressed as a percentage. It's commonly used to calculate salary increases, price changes, and growth rates in various financial contexts.

2. How Does the Calculator Work?

The calculator uses the percentage hike formula:

Where:

• \( \text{New} \) — The new or current value in dollars
• \( \text{Old} \) — The original or previous value in dollars

Explanation: The formula calculates the relative difference between the new and old values as a percentage of the original value.

3. Importance of Percentage Hike Calculation

Details: Calculating percentage hike is essential for financial planning, budgeting, salary negotiations, investment analysis, and understanding economic trends and price changes.

4. Using the Calculator

Tips: Enter both old and new values in dollars. The old value must be greater than zero. The calculator will compute the percentage increase (or decrease if new value is lower).

5. Frequently Asked Questions (FAQ)

Q1: What does a negative percentage hike mean?
A: A negative percentage hike indicates a decrease rather than an increase between the old and new values.

Q2: How is percentage hike different from percentage change?
A: Percentage hike specifically refers to an increase, while percentage change can refer to either an increase or decrease.

Q3: Can I use this for non-monetary values?
A: Yes, the percentage hike formula works for any numerical values, not just monetary amounts.

Q4: What's considered a good percentage hike?
A: This depends on context. For salaries, 3-5% might be typical annual increase, while for investments, higher percentages are generally better.

Q5: How do I calculate the new value if I know the percentage hike?
A: New Value = Old Value × (1 + Percentage Hike/100)