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minus-squareOstrakon@lemmy.worldlinkfedilinkarrow-up6·14 days agoI have 100 dollars. I lose 10% of it. I now have 90 dollars. Now I increase my 90 dollars by 10%. Is it your assertion that 10% of 90 is 10?
minus-squarebillwashere@lemmy.worldlinkfedilinkEnglisharrow-up1·14 days agoNo. Because increasing 90 by 10% is: 90 • 1.1 = 99 Percentage is relative to current value, not previous calculations. 10% of 90 is 9.
I have 100 dollars. I lose 10% of it. I now have 90 dollars. Now I increase my 90 dollars by 10%. Is it your assertion that 10% of 90 is 10?
No. Because increasing 90 by 10% is:
90 • 1.1 = 99
Percentage is relative to current value, not previous calculations. 10% of 90 is 9.