Change in Price Calculator

What is Change in Price?

The change in price represents the difference between the initial price and the final price of an item. This calculation helps in understanding how much the price has increased or decreased over a period of time.

Formula

The formula to calculate the change in price is:

\[ \Delta P = P1 - P2 \]

Where:

$\Delta P$ is the Change in Price ($)
$P1$ is the Initial Price ($)
$P2$ is the Final Price ($)

Example Calculation

Let's assume the following values:

Initial Price (P1) = $100
Final Price (P2) = $80

Using the formula:

\[ \Delta P = 100 - 80 = 20 \text{ dollars} \]

The change in price is 20 dollars.