How to Calculate Monthly Percentage Growth Easily

Learn how to calculate percentage growth month by month for better financial insights.

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To calculate the percentage by month, subtract the previous month's value from the current month's value. Divide the result by the previous month's value, then multiply by 100. For example, if sales were $2000 in January and $2500 in February, the calculation would be (($2500 - $2000) / $2000) * 100 = 25%. This monthly growth rate helps track your progress and identify trends.

FAQs & Answers

  1. What is the formula to calculate monthly percentage growth? The formula is ((current month's value - previous month's value) / previous month's value) * 100.
  2. Why is tracking monthly percentage growth important? Tracking monthly percentage growth helps you identify trends, assess performance, and make informed business decisions.
  3. Can this method be applied to other growth metrics? Yes, the percentage calculation can be applied to various metrics including revenue, customer growth, and website traffic.
  4. What is a good monthly growth rate? A good monthly growth rate can vary by industry, but generally, a 5-10% increase is considered healthy for many businesses.

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