# Change in Price Calculator

## About Change in Price Calculator (Formula)

With the Change in Price Calculator, you can calculate the difference in price between two values. The tool is often used in economics and finance to measure price changes over time.

The formula used to calculate the change in price is straightforward and is denoted as

ΔP = P1 – P2

Where

• ΔP represents the change in price
• P1 is the initial price
• P2 is the final price

You can use the Change in Price Calculator by simply entering the initial price and the final price of the product or service in question. The calculator will then use the formula to determine the price difference.

For example, let’s say that the initial price of a car was \$20,000, and the final price was \$25,000.

Using the formula ΔP = P1 – P2, we can calculate the change in price as follows:

ΔP = 20,000 – 25,000

ΔP = -5,000

In this example, the Change in Price Calculator would show that the change in price between the initial and final values is \$5,000.

The Change in Price Calculator is a valuable tool for businesses and individuals who want to monitor the changes in the price of goods and services over time. It is a simple and effective way to track inflation and make informed decisions about investments and purchases.