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Khalid Emman…, Other/Just Looking in Pakistan

what is the difference between average and percentage?

Asked by Khalid Emmanuel, Pakistan Sat Feb 16, 2008

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3
They're two entirely different things. An average--also known as the mean--is calculated by adding all the numbers in a given set together, and then dividing by the number of items in the set. For example, if you asked, "What's the average price of a 2 bedroom condo in my building?" and there had been four recent sales--at $140,000, $160,000, $180,000, and $200,000, I'd add those together--coming up with $680,000, then divide by 4--yielding an average of $170,000.

Percentage is the relative gap or difference between two numbers. If I were selling that $200,000 condo, and the real estate agent said his/her sales commission was 6%, then I'd owe the agent $12,000. Put another way, $12,000 is 6% of $200,000.

Hope that helps.
1 vote Thank Flag Link Sat Feb 16, 2008
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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difference between percentage and average
0 votes Thank Flag Link Tue Jul 30, 2013
They're two entirely different things. An average--also known as the mean--is calculated by adding all the numbers in a given set together, and then dividing by the number of items in the set. For example, if you asked, "What's the average price of a 2 bedroom condo in my building?" and there had been four recent sales--at $140,000, $160,000, $180,000, and $200,000, I'd add those together--coming up with $680,000, then divide by 4--yielding an average of $170,000.

Percentage is the relative gap or difference between two numbers. If I were selling that $200,000 condo, and the real estate agent said his/her sales commission was 6%, then I'd owe the agent $12,000. Put another way, $12,000 is 6% of $200,000.
Flag Mon Feb 8, 2016
difference between percentage and average
0 votes Thank Flag Link Wed May 2, 2012
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