PERCENT HIKE Meaning and
Definition
-
Percent hike refers to an increase in a particular quantity or value, expressed as a percentage of the original amount. It is commonly used to describe an upward movement or raise in prices, wages, salaries, rates, fees, or any other numerical measurement. The term "percent hike" is often employed in the context of financial and economic situations, especially when discussing the impact of inflation or changes in cost of living.
To calculate a percent hike, the difference between the increased amount and the original amount is determined. This difference is then divided by the original amount, and the result is multiplied by 100 to convert it into a percentage. The resultant figure represents the percentage increase or growth in comparison to the initial quantity.
For example, if the price of a product was initially $100 and increased to $120, the percent hike would be calculated as follows: ($20 / $100) x 100 = 20%. This implies that the price of the product has increased by 20% compared to the original amount.
Percent hikes are commonly utilized in various industries and fields to analyze and understand changes and trends. They serve as a valuable tool for individuals, businesses, and economists to assess the magnitude and impact of growth, inflation, and investment returns. Whether evaluating personal finances, conducting market analysis, or measuring economic indicators, understanding percent hikes is essential for making informed decisions and interpreting numerical data accurately.
Common Misspellings for PERCENT HIKE
- oercent hike
- lercent hike
- 0ercent hike
- pwrcent hike
- psrcent hike
- pdrcent hike
- prrcent hike
- p4rcent hike
- p3rcent hike
- peecent hike
- pedcent hike
- pefcent hike
- petcent hike
- pe5cent hike
- pe4cent hike
- perxent hike
- pervent hike
- perfent hike
- perdent hike
- percwnt hike
Etymology of PERCENT HIKE
The word "percent hike" does not have a specific etymology because it is a phrase made up of two separate words. However, we can examine the origins of each word individually:
1. Percent: The word "percent" is derived from Latin, where "per" means "out of" or "for each" and "centum" means "hundred". It was first used in English around the 16th century, originating from the Italian word "per cento" meaning "for a hundred".
2. Hike: The word "hike" originated in the late 18th century as a verb, meaning "to walk or march vigorously". It is believed to have derived from the Old Norse word "hikna", which means "to limp" or "to move with a jerk", and related to the dialectal Swedish word "hiksa" with a similar meaning.
Infographic
Add the infographic to your website:
