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Old 09-19-2018, 03:13 PM
 
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If something was worth $5,000 and it increased at 120,000% does it mean it's gone up 1200 or 1201 times in value?

Do you subtract the last 2 zeros because 120000/100 = 1200?
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Old 09-19-2018, 03:37 PM
 
Location: The Triad (NC)
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Quote:
Originally Posted by LifeIsGood01 View Post
If something was worth $5,000 and it increased at 120,000%...
If something that was worth $5,000 increased it's price by 12%... (5000 + 12%) = $5600.
I couldn't follow the rest of what you had there.
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Old 09-19-2018, 04:30 PM
 
Location: Aurora Denveralis
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The difference between "times" and percentage is simple - it's right in the word, per cent age - "by one hundredths," more or less.

The difference between factor and percentage is that the latter is multiplied by one hundred, since it represents one-hundredths, or pennies on a dollar.

If something costs $1 and sells for $2, it...
...doubled in value;
...went up one times in value, or by a factor of one - for a resulting value of two times;
...went up one hundred hundredths for each one hundred, or one hundred percent - for a final value of two hundred percent.

If something goes up by a factor of five hundred percent, it went up by five times its value for a net value of six times. Percentage is an easy way to express small fractions precisely; if you go back far enough in accounting and merchant records, you'll find complicated calculations based on factors instead.

Does that help?
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Old 09-19-2018, 05:42 PM
 
Location: Athol, Idaho
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1200

5000 x120,000% =6,000,000
6,000,000 / 5000= 1,200
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Old 09-20-2018, 08:23 AM
 
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I think you’re all missing the big picture here and a much better question... how can all of us get in on this 120,000% return?!
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Old 09-20-2018, 08:27 AM
 
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You’d need to have a value of 6,005,000 to have a return of 1200%
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Old 09-20-2018, 08:42 AM
 
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No, what you’d need is a time machine and to buy $5,000 of Apple stock when it was still being run from a garage
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Old 09-20-2018, 09:02 AM
 
Location: The Triad (NC)
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https://www.youtube.com/watch?v=SNa4EMUWnAc
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Old 09-20-2018, 11:41 AM
 
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Quote:
Originally Posted by LifeIsGood01 View Post
If something was worth $5,000 and it increased at 120,000% does it mean it's gone up 1200 or 1201 times in value?

Do you subtract the last 2 zeros because 120000/100 = 1200?



If it increased by (not at) 120,000% . . .
It has gone up 1200 times its earlier value, but now equals 1201 times its earlier value.


original value + 120,000% of value = new value
x + 1200x

So it's 1201x.


And to your second question, Yes, you remove (not subtract) the two zeros for that reason.
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Old 09-20-2018, 04:09 PM
 
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Quote:
Originally Posted by JonathanLB View Post
I think you’re all missing the big picture here and a much better question... how can all of us get in on this 120,000% return?!
You have to find a time machine and buy Amazon in 1997
$5000 investment would be worth like $42 million today.
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