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How a toy shop closed to pay for pupils at Dulwich College (and Alleyn’s and JAGS)
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Perryman


Posts: 822
Joined: Dec 2006
Post: #1
18-02-2016 03:14 PM

Quote:
Anotherjohn, an £8,700 increase on £22k is around 70%. If it fell from £31k to £22k, it would be a fall of 38%.


Hang about!
A 100% increase on £22k would give a new rent of £44k.
A 50% increase on £22k would give a new rent of £33k - an additional £11k. Without doing much maths, clearly the increase is a little lower than 50%.

What you have calculated is what fraction the old rent is of the new rent - 22/31 or 70%. If the rent was unchanged, then this figure would be 100%!

Calculators do not have much common sense at times.

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RE: How a toy shop closed to pay for pupils at Dulwich College (and Alleyn’s and JAGS) - Perryman - 18-02-2016 03:14 PM