1. What is Hike Percentage?

Hike percentage measures 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, growth rates, and other comparative measurements.

2. How Does the Calculator Work?

The calculator uses the hike percentage formula:

Where:

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

Explanation: The formula calculates the relative change as a percentage by finding the difference between new and old values, dividing by the original value, and multiplying by 100 to convert to percentage.

3. Importance of Hike Percentage Calculation

Details: Hike percentage calculation is essential for financial planning, salary negotiations, investment analysis, price comparison, and tracking growth metrics in business and personal finance.

4. Using the Calculator

Tips: Enter both old and new values in any currency. Ensure both values are positive numbers. The calculator will compute the percentage increase (or decrease if new value is lower).

5. Frequently Asked Questions (FAQ)

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

Q2: Can I use this for salary hike calculations?
A: Yes, this calculator is perfect for calculating salary increases, bonuses, and compensation changes.

Q3: What's the difference between hike percentage and percentage difference?
A: Hike percentage specifically measures increase from old to new, while percentage difference can refer to any relative change between two values.

Q4: How accurate is the calculation?
A: The calculation is mathematically precise. Results are rounded to two decimal places for readability.

Q5: Can I calculate percentage decrease with this formula?
A: Yes, if the new value is lower than the old value, the result will be a negative percentage, indicating a decrease.