![]() In retail, those rises are generally covered with price mark-ups. If you know that your utilities will be rising at 6%, then you know that to stay in business that money needs to come from somewhere. This is extremely important at the moment in the UK because inflation is on the rise at historic levels and you may need to adjust your profit margins in order to make the business financially stable. ![]() ![]() There are also times when businesses need to increase their list prices to keep up with inflation. Of course there are a million and one other reasons why someone would want to figure out percentages, particularly businesses, so these handy online software programs are amazingly time efficient and easy to use. But, if it is not listed or if VAT has been added, you may want to know the original price before the 20% increase. Having a percentage calculator at your fingertips can come in quite handy, especially if you know VAT will be added to an item. ![]()
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