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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: OldAIMGuy who wrote (15721)4/28/2001 8:41:05 AM
From: Steve Grabczyk  Read Replies (1) of 18929
 
Old retail formula:

"For percentage change take the new value divided by the old value and subtract 1 from the result."

(10/7)-1=.429........Plus 43%. This works in spreadsheets and on most calculators that use RPN due to order of operations rules.

The nice thing about this formula is that it (heaven forbid) also automatically calcs the % decline as well. For example (7/10)-1= -3 .........Down 30%.

Thought I'd get my 2 cents (2%) in there.

BTW: I agree on LIFO not meaning 'squat'.

Regards, Steve
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