Percentage Increase Between 2 Percentages
Here's a scenario:
Week 1 Visits to store = 100 Purchases = 1 Purchase rate = 1% Week 2 Visits to store = 200 Purchases = 4 Purchase rate = 2% Here's the question: What is the increase in my purchase rate? Is it 1%? Is it 100%? Thanks for your help! |
Percentage Increase Between 2 Percentages
If its simply a matter of purchases per Customer then its a 100% increse. i.e
for week 2 you had 2 sales per 100 Customers through the door compared to 1 in week 1 which is double. Mike " wrote: Here's a scenario: Week 1 Visits to store = 100 Purchases = 1 Purchase rate = 1% Week 2 Visits to store = 200 Purchases = 4 Purchase rate = 2% Here's the question: What is the increase in my purchase rate? Is it 1%? Is it 100%? Thanks for your help! |
Percentage Increase Between 2 Percentages
Sorry I meant to add that the British government may not agree with my
analysis. Recently the rate of national insurance (a tax) was increased from 10% to 11% which the government helpfully explained (wrongly) was a 1% and not a 10%increase but that's just taxes!! " wrote: Here's a scenario: Week 1 Visits to store = 100 Purchases = 1 Purchase rate = 1% Week 2 Visits to store = 200 Purchases = 4 Purchase rate = 2% Here's the question: What is the increase in my purchase rate? Is it 1%? Is it 100%? Thanks for your help! |
Percentage Increase Between 2 Percentages
It's both. Which one you want depends on what you're trying to examine.
The absolute increase in rate is 1% =2%-1% The relative increase in rate is 100% =2%/1%-1 In article .com, wrote: Here's a scenario: Week 1 Visits to store = 100 Purchases = 1 Purchase rate = 1% Week 2 Visits to store = 200 Purchases = 4 Purchase rate = 2% Here's the question: What is the increase in my purchase rate? Is it 1%? Is it 100%? Thanks for your help! |
Percentage Increase Between 2 Percentages
On Feb 26, 1:03 pm, Mike wrote:
Sorry I meant to add that the British government may not agree with my analysis. Recently the rate of national insurance (a tax) was increased from 10% to 11% which the government helpfully explained (wrongly) was a 1% and not a 10%increase but that's just taxes!! " wrote: Here's a scenario: Week 1 Visits to store = 100 Purchases = 1 Purchase rate = 1% Week 2 Visits to store = 200 Purchases = 4 Purchase rate = 2% Here's the question: What is the increase in my purchase rate? Is it 1%? Is it 100%? Thanks for your help!- Hide quoted text - - Show quoted text - Thanks for your help, Mike! |
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