1. What is Price Increase?

Price increase is the difference between a new price and an original price. It represents how much more (or less) you're paying for a product or service compared to its previous price.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Number1 \) — Original price
• \( Number2 \) — New price
• \( Increase \) — Difference between the two prices

Explanation: The calculation shows the absolute difference in price. A positive result means the price increased, while a negative result means the price decreased.

3. Importance of Price Increase Calculation

Details: Calculating price increases helps consumers track inflation, businesses adjust pricing strategies, and investors analyze market trends. It's fundamental for budgeting and financial planning.

4. Using the Calculator

Tips: Enter both prices in the same currency. The calculator will show the absolute difference between them. For percentage increase, divide the result by the original price.

5. Frequently Asked Questions (FAQ)

Q1: What if the result is negative?
A: A negative result means the price decreased rather than increased (Number2 is less than Number1).

Q2: How is this different from percentage increase?
A: This shows the absolute difference, while percentage increase shows the relative change compared to the original price.

Q3: Can I use this for any currency?
A: Yes, as long as both numbers are in the same currency. The result will be in that same currency.

Q4: What about taxes or discounts?
A: This calculates the difference between two final prices. Include taxes/discounts in your input numbers if you want them factored in.

Q5: How precise is the calculation?
A: The calculator handles values to two decimal places, suitable for most currencies.